The demand equation for Widgets can be assumed to be P = 1,350 – 150 where P is the price per unit and Q is the integer number of Widgets sold. The factory for Widgets has annual fixed costs amountin P11,200,000. Each Widget has a manufacturing cost of P750. Determine the maximum profit possible. 1) How many Widgets should be sold to maximize profit? 2) What should be the price to maximize profit? (Hint 1: you need algebra and calculus) (Hint 2: how do you determine maxima given a quadratic equation?)

The Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket and is used by an average of 623 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must, therefore, find a way to increase revenues The bus company is considering increasing the ticket price to $1.21. The marketing department's studies indicate this price increase would reduce usage to 473 riders per day. Calculate the price elasticity of demand using the midpoint method for bus tickets to determine if the bus company should increase price or decrease price to increase revenues. Enter your answer as an absolute value and round it to two places after the decimal price elasticity of demand: Determine if demand is elastic or inelastic and what this implies regarding how ticket prices affect revenue Demand is inelastic, so decreasing ticket prices will increase revenue Demand is inelastic, so…

The weekly demand for the LectroCopy photocopying machine is given by the equation p=2000-.04x where P debates the wholesale unit price

The HAC at Humberview has decided to sell Gatorade to raise money.  The demand function is described by  px=-4x+340 , where x is the number of bottles, in hundreds, and px is in dollars.  The cost function, in dollars, is described by Cx=300x-275.  Determine the number of Gatorade bottles they must sell so that they maximize their profit.

The Lead Zeppelin Company produces powered and steerable lighter-than-air craft. The company’s airships are specially lined and are therefore safer than normal dirigibles. The table below shows the weekly production of dirigibles, along with the associated Average Cost and Total Revenue figures (the Average Cost and Total Revenue figures are actually in thousands of dollars, so the $15 represents $15,000, but we have left off the zeros to save space).   Quantity Average Cost Total Cost Total Revenue 0  -- 0 $0 1 $15 15 $10 2 $9 18 $20 3 $8 24 $30 4 $8.50 34 $40 5 $9 45 $50 6 $10 60 $60 7 $12 84 $70   The Lead Zeppelin Company has decided that it will produce at least 1 dirigible. Now the question becomes, how many more dirigibles should it produce to make as much profit as possible?   Use the profit-maximizing rule to explain how many dirigibles the Lead Zeppelin Company should produce to…

Suppose your product sells for $1.20 per unit.  The total cost of producing x units is C(x) = 50 + 0.20x + .001x^2 dollars. a.) Find the marginal revenue and marginal profit functions b.) Find the marginal profit when x = 400 c.) What is the approximate profit from selling the 401st unit? d.)  Find the value of x for which the marginal profit is zero.

Question a Full explain this question and text typing work only     We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line .   .