The manager of a 100-unit apartment complex knows from experience that all units will be occupied if the rent is $500 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $10 increase in rent. What rent should the manager charge to maximize revenue?

Q: Maria holds two part-time jobs, Job A and Job B. She never wants to work 56 hours a week. If…

A: let number of hours spent at job A be x  So, let's say she works at her peak limit each week, i.e.…

Q: The manager of a large apartment complex knows from experience that 80 units will be occupied if the…

A: The manager of a large apartment complex knows from experience that 80 units will be occupied if the…

Q: The manager of a large apartment complex knows from experience that 90 units will be occupied if the…

A: Explanation of the answer is as follows

Q: If the product is launched he will have to incur a fixed cost of · would give him a profit of…

A: Here use given distribution of no of bottles sold for expected sell

Q: What is one of the possible approaches for profit-making organizations to circumventing the problem…

A: Let PMO denote profit-making organizations.

Q: An airline finds that if it prices a cross-country ticket at $500, it will sell 300 tickets per day.…

A: Question- An airline finds that if it prices a cross-country ticket at $500, it will sell 300…

Q: What direction should the apple producers in Question 6 move the price if they wanted to maximize…

A: claim- what should the apple producer do with price to increase the total revenue. when the demand…

Q: A restaurant advertises that it will provide beer, pizza, and wings for $50 per person at a Super…

A: Revenue of the transaction is difference in Selling price and cost price. For selling price greater…

Q: The manager of a large apartment complex knows from experience that 90 units will be occupied if the…

A: let R be the revenue, and let n be the number of (up or down) $4 in rent. Hence the equation for…

Q: What ticket price would maximize revenue? $

A:

Q: The Penn State Math Club has determined that in order to successfully tutor x Math 110 students in…

A:

Q: The Penn State Math Club has determined that in order to successfully tutor x Math 110 students in…

A: Consider the price function defined as, p(x)=140-5x The cost function is defined as, Cx=2x+70 The…

Q: A manufacturing company makes two types of water skis, a trick ski and a slalom ski. The relevant…

A: Let x be the number of trick ski produced and y be the number of slalom ski produced. The…

Q: A manufacturer has been selling gadgets at a price of $50 each, and at this price, customers have…

A:

Q: A 350-unit hotel is trying to determine their daily rates. From experience, the hotel manager knows…

A: Given Number of Units: 350  Daily Room Rent: $94  Rent after increasing x dollars: 94 + x  Units…

Q: f in a monopoly market the demand for a product is p=1600-x and the revenue is R=px, where x is the…

A: Given,  The demand for a product is  p=1600-x Revenue is R = px  where x is the number of units sold…

Q: Suppose that 50 students are able to raise $250 for a gift when each one contributes $5.…

A: An equation of single variable having degree 2 is called quadratic equation. It is in the form of…

Q: The estimated monthly profit realizable by the Cannon Precision Instruments Corporation for…

A:

Q: If, in a monopoly market, the demand for a product is p = 160 − 0.10x and the revenue function is R…

A: Given,  The demand function :  p = 160-0.10x  The revenue function : R = px  Where x is the number…

Q: An investor has $70,000 to invest in a CD and a mutual fund. The CD yields 9% and the mutual fund…

A:

Q: A firm can produce 500 units per week. If its total cost function is  C = 500 + 1200x  dollars and…

A:

Q: If the demand equation of a good is P=/1000 – 4Q, find the value of Q which maximizes total revenue.

A: Given: P=1000−4Qwhere,P→PriceQ→Quantity

Q: 4. A professional basketball team plays in a stadium that holds 23,000 spectators. With ticket…

A: (60,18000),(55,20000)

Q: An investor has $60,000 to invest in a CD and a mutual fund. The CD yields 7% and the mutual fund…

A:

Q: The manager of a 100-unit apartment complex knows from experience that all units will be occupied if…

A: It is given that The manager of a 100-unit apartment complex knows from experience that all units…

Q: A farmer finds that if she plants 60 trees per acre, each tree will yield 35 bushels of fruit. She…

A:

Q: How many thingamabobs should Yaster Inc. produce and sell in order to maximize profit?

A: Given: Price Demand function p(x)=57-1.14x Cost function c(x)=215+11x Revenue function…

Q: The estimated monthly profit (in dollars) realizable by Cannon Precision Instruments for…

A: given that P(x)=-0.02x2+92x-109000

Q: A grocery store has been selling frozen pizzas at $5 each, and at this price, customers have been…

A:

Q: The manager of a 100-unit apartment complex knows from experience that all units will be occupied if…

A: The given data is: Rent is $500 per month A market survey suggests that, on average, one additional…

Q: The manufacturer of a CD player has found that the revenue R (in dollars) is  R(p)= -5p^2+1120p,…

A: We have given the revenue function R(p)= -5p^2+1120p

Q: The manager of a 100-unit apartment complex knows from experience that all units will be occupied if…

A: The manager of a 100-unit apartment complex knows from experience that all units will be occupied if…

Q: Bubba, a farmer, wants to fence-in a three-sided area next to his barn, using the side of the barn…

A:

Q: What is the cost of producing the 3001st Quebee?

A:

Q: A farmer finds that if she plants 75 trees per acre, each tree will yield 50 bushels of fruit. She…

A: Given this problem we find how many trees should she plant per acre to maximize her harvest.   Here…

Q: A new computer game currently sells for $50 a copy. At this price, the company is selling an average…

A:

Q: An oil- producing country can sell 7 million barrels of oil a day at price of $90 per barrel. If…

A:

Q: An investor has $60,000 to invest in a CD and a mutual fund. The CD yields 7% and the mutual fund…

A:

Q: A publisher for a promising new novel figures fixed costs at $33,805 and variable costs at $2.7 for…

A: Topic- functions

Q: An investor has $80,000 to invest in a CD and a mutual fund. The CD yields 6% and the mutual fund…

A:

Q: The owner of an apartment building can rent all 60 apartments if she charges $1,800 per month, but…

A:

Q: Find the producer's surplus for a product if its demand function is p=49-x^(2) and its supply…

A:

Q: The annual fixed costs for a plant are $100,000, and the variable costs are $140,000 at 70%…

A: Given: Fixed cost = $100,000            Variable cost = $140,000             Net sales = $280,000

Q: A manufacturing company makes two types of water skis, a trick ski and a slalom ski. The relevant…

A:

Q: A farmer finds that if she plants 70 trees per acre, each tree will yield 30 bushels of fruit. She…

A:

Q: The Parry Company's breakeven point in units is 20,000. Assuming that variable costs are 30% and…

A: “Since you have asked multiple question, we will solve the first question for you. If youwant any…

Q: A financier plans to invest up to $600,000 in two projects. Project A yields a return of 11% on the…

A:

Q: The manager of a large apartment complex knows from experience that 80 units will be occupied if the…

A: Let us assume he has to increase 3 dollars x times.So, the new rent= 396-3x Number of units will be…

Q: Farris Billiard Supply considers to manufacture its own brand of pool cues, Upon analyzing the…

A: In this question, to find the profit for selling 250 cue per week Given that fixed cost=$2400 cost…

Q: A financier plans to invest up to $500,000 in two projects. Project A yields a return of 9% on the…

A: Total investment = x+y Given that the financier plans to invest up to $500,000 in two projects. So,…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.