Questions
2.  The profit function from manufacturing and selling xx BabCo Lounge Chairs is: P(x)=30x−140−0.2x^2 a. Find the...

2.  The profit function from manufacturing and selling xx BabCo Lounge Chairs is:
P(x)=30x−140−0.2x^2

a. Find the exact additional profit for manufacturing and selling 10 chairs instead of 9 chairs.

b. Find the marginal profit at x=9  

= per lounge chair.

3.  Acme Office Supplies manufactures file cabinets. The cost (in dollars) of producing x file cabinets is given by:

C(x)=1025+60x−x^2
a. Find the exact additional cost of producing 7 file cabinets instead of 6.

b. Find the marginal cost function. C'(x)=

c. Use the marginal cost function approximate the additional cost of producing 7 file cabinets instead of 6.

4. The cost function for the production of microwaves is given as

C(x)=50,000+40xC(x)=50,000+4

where x is the number of microwaves produced and C(x) is the total cost (in dollars) of producing x units.

Find the marginal cost as a function of x. C'(x)=

5. The total profit (in dollars) from the production and sales of xx espresso machines is

P(x)=40x−0.02x^2−260

a. How many espresso machines must be produced and sold to have a marginal profit of 32 dollars per unit:
machines

b. Find the marginal profit at a production/sales level of 350 machines:
dollars per espresso machine

c. Use the profit at 350 machines, which is $11290, and the marginal profit at 350 machines that you computed above to estimate the profit at an output/sales level of 351.

=$

6. The price-demand function for the sale of yo-yos is:

p=6−0.02x

where p is the price of a yo-yo in dollars, and x is the demand for yo-yos at a price of p dollars.
a. R'(290)=

b. What are the correct units for R'(290)?

7. The price-demand and cost functions for the production of microwaves are given as

p=250−x80

and C(x)=16000+30x

where x is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing x units

a. Find the profit function in terms of x.
P(x)=

b. Evaluate the marginal profit function at x=1500 microwaves rounded to the nearest cent.
P'(1500)=    per microwave

8.  AnselPix is an online company that makes and sells photographs of National Parks. The profit from selling xx prints of a scene in Arches National Park is P(x) dollars. AnselPix believes that the profit from making and selling 150photos will be 22,000 dollars. Assume that the marginal profit is P'(150)=−150. As AnselPix's financial advisor, would you recommend that they sell more photos or fewer photos? Why?

Fill in the first blank with either the word "more" or "fewer" and the second with the word "increase" or "decrease".

I would recommend that AnselPix sell (Select an answer, more/ fewer?) photos because the company will (Select an answer decrease/increase?) profit by approximately ($?) if they decide to make and sell the 151st photo instead of 150 photos.

9. The revenue (in dollars) from producing and selling xx navigation systems is

R(x)=x(2100−30x)

a. Find the marginal revenue function.
R'(x)=

In: Math

Use your knowledge of cost functions to calculate the missed cost data in the accompanying table....

Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.

Round your answers to two digits after the decimal.

Quantity Marginal cost Fixed cost Variable cost Total cost Average fixed cost Average variable cost Average total cost
0 --- --- --- ---
1 $50.00$50.00
2 $74.00$74.00
3 $105.00$105.00
4 $40.00$40.00 $400.00$400.00

What is the total cost when producing zero units?

total cost: $

What is the marginal cost for the first unit?

marginal cost: $

What is the average total cost when producing three units?

average total cost: $

What is the average variable cost when producing four units?

average variable cost: $

In: Economics

Use your knowledge of cost functions to calculate the missed cost data in the accompanying table....

Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.

Round your answers to two digits after the decimal.

Quantity Marginal cost Fixed cost Variable cost Total cost Average fixed cost Average variable cost Average total cost
0 --- --- --- ---
1 $50.00$50.00
2 $72.00$72.00
3 $105.00$105.00
4 $30.00$30.00 $380.00$380.00

What is the total cost when producing zero units?

total cost: $

What is the marginal cost for the first unit?

marginal cost: $

What is the average total cost when producing three units?

average total cost: $

What is the average variable cost when producing four units?

average variable cost: $

In: Economics

Harrison Richmond at my 27 year old male is seen in the emergency room for a...

Harrison Richmond at my 27 year old male is seen in the emergency room for a sprain back (coccyx)suffered as a result of falling off a horse he was riding in the local public park.
Principal Diagnosis:
What is the correct diagnosis code?

Principal External Cause Code:
What is the correct diagnosis code?

Second External Code:
What is the correct diagnosis code?

In: Nursing

Which of the following are continuous variables, and which are discrete? (a) speed of an airplane...

Which of the following are continuous variables, and which are discrete? (a) speed of an airplane continuous discrete (b) age of a college professor chosen at random continuous discrete (c) number of books in the college bookstore continuous discrete (d) weight of a football player chosen at random continuous discrete (e) number of lightning strikes in Rocky Mountain National Park on a given day continuous discrete

In: Statistics and Probability

Belongs to Hospitality Law Is it fair that we have to go looking for problems? Do...

Belongs to Hospitality Law

Is it fair that we have to go looking for problems? Do you think doing this helps us limit liability? Sometimes we are held responsible when people do some pretty dumb things. Search online for the craziest case that a hotel or restaurant was held responsible for. Post your examples and the case citations here. Funniest one wins!

In: Nursing

Evolving Technology" Analyze the various technological improvements over the last 100 years and determine which has...

Evolving Technology"

Analyze the various technological improvements over the last 100 years and determine which has been the most significant for both guests and hotel owners. Explain your rationale.

Determine how evolving communications technology (i.e., cell phones and Wi-Fi) has changed guest expectations regarding communications, as well as how the lodging industry should respond.

In: Operations Management

On the internet, find a travel organization (hotel, cruise line, travel agency, large restaurant) that has...

On the internet, find a travel organization (hotel, cruise line, travel agency, large restaurant) that has a separate section for organizational purchase.

How does the organizational site differ from the customer site?
Give at least three examples. (3 pts)
Do you think having a separate organizational and customer site is important? Explain your answer. (2 pts)

In: Operations Management

The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before...

The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

IVANHOE HOTEL
Trial Balance
May 31, 2022

Debit

Credit

Cash

$ 2,613

Supplies

2,600

Prepaid Insurance

1,800

Land

15,113

Buildings

70,000

Equipment

16,800

Accounts Payable

$ 4,813

Unearned Rent Revenue

3,300

Mortgage Payable

36,000

Common Stock

60,113

Rent Revenue

9,000

Salaries and Wages Expense

3,000

Utilities Expense

800

Advertising Expense

500

$113,226

$113,226


Other data:

1. Insurance expires at the rate of $360 per month.
2. A count of supplies shows $1,180 of unused supplies on May 31.
3. (a) Annual depreciation is $2,760 on the building.
(b) Annual depreciation is $2,160 on equipment.
4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.)
5. Unearned rent of $2,670 has been earned.
6. Salaries of $710 are accrued and unpaid at May 31.

Prepare a retained earnings statement for the month of May.

In: Accounting

The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before...

The Ivanhoe Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

IVANHOE HOTEL
Trial Balance
May 31, 2022

Debit

Credit

Cash

$ 2,613

Supplies

2,600

Prepaid Insurance

1,800

Land

15,113

Buildings

70,000

Equipment

16,800

Accounts Payable

$ 4,813

Unearned Rent Revenue

3,300

Mortgage Payable

36,000

Common Stock

60,113

Rent Revenue

9,000

Salaries and Wages Expense

3,000

Utilities Expense

800

Advertising Expense

500

$113,226

$113,226


Other data:

1. Insurance expires at the rate of $360 per month.
2. A count of supplies shows $1,180 of unused supplies on May 31.
3. (a) Annual depreciation is $2,760 on the building.
(b) Annual depreciation is $2,160 on equipment.
4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.)
5. Unearned rent of $2,670 has been earned.
6. Salaries of $710 are accrued and unpaid at May 31.

Prepare an adjusted trial balance on May 31.

In: Accounting