g A gift shop sells 40 wind chimes per month at $110 each. The owners estimate that for each $11 increase in price, they will sell 2 fewer wind chimes per month. Find the price per wind chime that will maximize revenue.

Answers

Answer 1

Answer:

The price that maximizes the revenue is $165

Step-by-step explanation:

We can model the price as a function of sold units as a linear relationship.

Remember that a linear relationship is something like:

y = a*x + b

where a is the slope and b is the y-intercept.

We know that if the line passes through the points (x₁, y₁) and (x₂, y₂), then the slope can be written as:

a = (y₂ - y₁)/(x₂ - x₁)

For this line, we have the point (40, $110)

which means that to sell 40 units, the price must be $110

And we know that if the price increases by $11, then he will sell 2 units less.

Then we also have the point (38, $121)

So we know that our line passes through the points (40, $110) and  (38, $121)

Then the slope of the line is:

a = ($121 - $110)/(38 - 40) = $11/-2 = -$5.5

Then the equation of the line is:

p(x) = -$5.5*x + b

to find the value of b, we can use the point (40, $110)

This means that when x = 40, the price is $110

then:

p(40) = $110 = -$5.5*40 + b

            $110 = -$220 + b

       $110 + $220 = b

        $330 = b

Then the price equation is:

p(x) = -$5.5*x + $330

Now we want to find the maximum revenue.

The revenue for selling x items, each at the price p(x), is:

revenue = x*p(x)

replacing the p(x) by the equation we get:

revenue = x*(-$5.5*x + $330)

revenue = -$5.5*x^2 + $330*x

Now we want to find the x-value for the maximum revenue.

You can see that the revenue equation is a quadratic equation with a negative leading coefficient. This means that the maximum is at the vertex.

And remember that for a quadratic equation like:

y = a*x^2 + b*x + c

the x-value of the vertex is:

x = -b/2a

Then for our equation:

revenue = -$5.5*x^2 + $330*x

the x-vale of the vertex will be:

x = -$330/(2*-$5.5) = 30

x = 30

This means that the revenue is maximized when we sell 30 units.

And the price is p(x) evaluated in x = 30

p(30) = -$5.5*30 + $330 = $165

The price that maximizes the revenue is $165


Related Questions

What is 26% as a fraction in simplest form?
A. 26/100
B. 26/10
C. 6/25
D. 13/50

Answers

Answer:

it'd be d: 13/50 !!

Answer:

D. 13/50

Step-by-step explanation:

0.26 ⇔ 26/100 ⇔ 13/50

5. Seismologists use the Richter scale to measure the magnitudes and intensity of
earthquakes that occur all over the earth. (see below, some info about Richter scales,
and intensity formula)
Let's say an earthquake hit Santa Monica, CA and had a magnitude of 6.2. If another
earthquake hit Charleston, SC and was a magnitude of 3.8, then how much more
intense was the earthquake in LA?
Student's Work
Student's Answer
A. 251.19 times
B. 11.02 times
C. 42.81 times
D. 2.4 times
Some additional Richter scale info...
A common logarithm is a logarithm with base 10. You can write a common logarithm logio * simply as log x, without
showing the 10
Many measurements of physical phenomena have such a wide range of values that the reported measurements are
logarithms (exponents) of the values, not the values themselves. When you use the logarithm of a quantity instead of the
quantity, you are using a logarithmic scale. The Richter scale is a logarithmic scale. It gives logarithmic measurements
of earthquake magnitudo.
1
3) 1 Hot 10
Intensity formula:
-
= M - M₂
-
log
12

Answers

Applying logarithms, it is found that the earthquake in LA was 251.19 times more intense, and the correct option is A.

The logarithm of the ratio of intensity of two earthquakes of magnitudes [tex]M_1[/tex] and [tex]M_2[/tex] is given by:

[tex]\log{\frac{I_1}{I_2}} = M_1 - M_2[/tex]

[tex]\frac{I_1}{I_2}[/tex] gives how much more intense earthquake 1 is compared to earthquake 2.

In this problem, [tex]M_1 = 6.2, M_2 = 3.8[/tex], then:

[tex]\log{\frac{I_1}{I_2}} = M_1 - M_2[/tex]

[tex]\log{\frac{I_1}{I_2}} = 6.2 - 3.8[/tex]

[tex]\log{\frac{I_1}{I_2}} = 2.4[/tex]

[tex]10^{\log{\frac{I_1}{I_2}}} = 10^{2.4}[/tex]

[tex]\frac{I_1}{I_2} = 251.19[/tex]

Hence, the earthquake in LA was 251.19 times more intense, and the correct option is A.

A similar problem is given at https://brainly.com/question/2528611

pls solve this equation for brainliest 2a+2=8?​

Answers

Answer:

a=3

Step-by-step explanation:

you subtract 2 from both sides of the equation you simplify it and then you divide both sides of the equation by the same term and then simplify it again

Answer:

a=3

Step-by-step explanation:

A hardware store mixed 7 gallons of red paint with every 11 gallons of blue paint to make purple paint. Which ratio of gallons of red paint to gallons of blue paint will make the same shade of purple paint?

Answers

Answer:

2 b + 6 r = 2 * 24

5 b + 3 r = 2 * 21 ... 10 b + 6 r = 84

subtracting equations (to eliminate r) ... 8 b = 36

solve for b , then substitute back to find r

A pipe that is 165 feet long is cut into three parts whose lengths are in the ratio 2 : 5 : 8. Find the length of the longest piece. Longest piece: 2 feet

Answers

Answer:

88 ft

Step-by-step explanation:

Let's say the shortest piece has length 2x, so the medium piece has length 5x and the longest piece has length 8x. Added together, they equal 165, so

2x + 5x + 8x = 165

15x = 165

divide both sides by 15 to isolate x

x = 11

8x = longest piece = 88 ft

The chart shows the sizes and prices of different sized boxes of Alex's favorite cereal.

Answers

Step-by-step explanation:

Compare the rates

Whichever has the smaller rate is the best deal.

remember, to be able to compare both cereal boxes they must have the same unit of measure (grams with grams, ounces with ounces, etc.)

Answer:

Price of box of cereal #1

---------------------------- = $ per ounce(or other unit)

Size of box #1 (in ounces,

or some other unit)

8. Paula needs to replace the floor in her family room since her cat peed in several
places. She wants to put down both vinyl flooring and carpet in the room. The
carpet she selected costs $2 per square foot. The vinyl floor covering costs $1
per square foot. She has $500 to spend on materials and must cover an area of
300 square feet. How much carpet and vinyl flooring will she buy to meet her
requirements?

Answers

So Looks like it’s area so 2x1x500x300 =300000

What is the sum of the 1st square number and the 4th cube
. Number

Answers

Answer: there is nothing here with the info i need 2 anwser this question srry.

Step-by-step explanation:

Answer:

i think it is 65

Step-by-step explanation:

the 4th cube number is 64 and the first square number is 1 64+1=65

however if you use the first square number as 4 then it is 68

A cube has a surface area of 54cm^2 Find the side length, x, of the cube

Answers

we know that the area of a cube is its side cubed

So, x^3 = 54(i think it should be 64)

x = 4 (if it is 64)

if it is 54 then we will take the cube root of 54

Answer:

3

Step-by-step explanation:

6a^2=54

a^2=54/6

a=root 9

a=3

LESSON 3
WHATS MORE
Translate each English phrase/sentance into Mathematical phrase/sentance
1. The sum of 4 and number________
2. Six less than a number_________
3. The product of 8 and a number______
4. The quotient of x and 7 ______
5. Five more than a number is equal to 15_____ ​

Answers

Answer:

1. 4+x

2. x-6

3. 8x

4. x/7

5. x+5=15

Step-by-step explanation:

It takes 4/5 of an hour to fill 1/2 tank.how many tanks can she fill in an hour

Answers

Answer:

5/8 of a tank

Step-by-step explanation:

Divide 1/2 by 4 to get how much of a tank you would be able to fill in 1/5 of an hour.  1/2 ⁒ 4 is 1/8 so she can fill 1/2+1/8 of a tank or 5/8 of a tank.

Express as a single power.

Answers

[tex]\\(a)\\2^3 \times 2^6 \div 2^9 = 2^{3+6} \times \dfrac{1}{2^9} = 2^9 \times 2^{-9} = 2^{9-9} = 2^0 = 1\\\\ \\(b)\\\\(-5)^8 \div (-5)^4 \times (-5)^3\\ \\= (-5)^8 \times \dfrac 1{(-5)^4 \times (-5)^3} \\\\= (-5)^8 \times \dfrac{1}{(-5)^{4+3}} \\\\= (-5)^8 \times \dfrac{1}{(-5)^7} \\\\= (-5)^{8 - 7} \\\\=(-5)^1 \\\\ =-5\\\\\\(c)\\\\\\\dfrac{6^3 \times 6^5}{6^2 \times 6^4}= \dfrac{6^{3+5}}{6^{2+4}}= \dfrac{6^8}{6^6}=6^{8-6}=6^2 =36[/tex]

Find the length of the third side. If necessary, round to the nearest tenth.

Answers

Answer:

Step-by-step explanation:

a² + b² = c²

12² + b² = 15²

b² = 225 - 144

b² = 81

b = 9

Use the distributive property to multiply 4,345 x 2

Answers

Answer:

8690

Step-by-step explanation:

there is no distributive property just multiply using a regular calculator

solve for X:
10( x + 1) = 2 x-7
-1
-3
-17/8
-18/8

Answers

-17/8

Step-by-step explanation:

10( x + 1) = 2 x-7

10x + 10 = 2x - 7

10 + 7 = 2x - 10x

17 = - 8x

x = -17 /8

Answer:

Hiya There....!!!

______________________

Isolate the variable by dividing each side by factors that don't contain the variable.

Exact Form:

x  =  − 17 /18

Decimal Form:

x  =  − 2.125

Mixed Number Form:

x  =  − 2/ 1 8

_______________________

“To forgive is wisdom, to forget is genius. And easier. Because it's true. It's a new world every heart beat.”

― Joyce Cary, The Horse's Mouth

__________________________

Think of life as a mytery because well it sort of is! You don't know what may happen may be good or bad but be a little curious and get ready for whatever comes your way!! ~Ashlynn

Someone help me click this solve it using < or >

Answers

Answer:

<

<

>

Step-by-step explanation:

To compare fractions, we need to make sure that both fractions have the same denominator. For example, for question 4, the least common multiple of 5 and 3 is 15, so we need to multiply both fractions by some numbers to get the denominators equal to 15. In this case, we will multiply the first fraction, [tex]\frac{3}{5}[/tex] by 3 to get [tex]\frac{9}{15}[/tex] and the second fraction, [tex]\frac{3}{3}[/tex] by 5 to get [tex]\frac{15}{15}[/tex].

Once we have the same denominator, we can simply compare the value of the numerators and see which one is larger. For question 4, since 9 is smaller than 15, the first fraction is smaller than the second. So the correct inequality to represent this would be "<".

To do these sums, we have to first convert them to like fractions.

For the first one:

LCM of denominators 5 and 3 is 15.[tex] \frac{3}{5} = \frac{3 \times 3}{5 \times 3} = \frac{9}{15} [/tex][tex] \frac{3}{3} = \frac{3 \times 5}{3 \times 5} = \frac{15}{15} [/tex]Since,[tex] \frac{9}{15} < \frac{15}{15} [/tex]Therefore,[tex] \frac{3}{5} < \frac{3}{3} [/tex]

For the second sum:

LCM of denominators 6 and 8 is 24.[tex] \frac{4}{6} = \frac{4 \times 4}{6 \times 4} = \frac{16}{24} [/tex][tex] \frac{7}{8} = \frac{7 \times 3}{8 \times 3} = \frac{21}{24} [/tex]Since[tex] \frac{16}{24} < \frac{21}{24} [/tex]Therefore,[tex] \frac{4}{6} < \frac{7}{8} [/tex]

For the third one:

LCM of denominators 10 and 5 is 10.[tex] \frac{6}{10} = \frac{6 \times 1}{10 \times 1} = \frac{6}{10} [/tex][tex] \frac{2}{5} = \frac{2 \times 2}{5 \times 2} = \frac{4}{10} [/tex]Since,[tex] \frac{6}{10} > \frac{4}{10} [/tex]Therefore,[tex] \frac{6}{10} > \frac{2}{5} [/tex]

Hope you could get an idea from here.

Doubt clarification - use comment section.

A rectangle’s perimeter is 86in . Its length is 9in longer than its width. Use an equation to find the rectangle’s length and width.

Answers

Answer:

Step-by-step explanation:

Let width be x

So length would be x + 9

If perimeter is 86, then

2(l+b) = 86

2(x + x+9) = 86

4x + 18 = 86

4x = 68

X = 17

Check:

2(x + x + 9) = 86

2(17 + 17 + 9) = 86

2(43) = 86

86 = 86

Here you go

Helppppp please quick

Answers

Answer:

a≥11

Step-by-step explanation:

Because the graph is 11 the minimum and there is no maximum, you can say that a can be equal to 11, or it can also be bigger than 11.

i need help with number 5

Answers

B : 3x-5

You can find this by solving the first equation for y, you do this by adding y and subtracting 5.

Hope this helps!!

Simplify the product.
(16+13)(12-2)

Answers

Answer:

290

Step-by-step explanation:

(16+13)(12-2)= 29 * 10 = 290

Answer:

290

Step-by-step explanation:

(16+13)(12-2)

29*10

290

whats .8421 rounded to the nearest tenth

Answers

0.8/0.80
Place value
U I T I H
0 . 8 0

Answer:

8420

weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

If a batch of cookies uses
2
2
3
cups of sugar, then how much sugar is needed to make 5 batches of cookies

Answers

Answer:

13 1/3 cups of sugar

Step-by-step explanation:

Given that y = 11 cm and θ = 34°, work out x rounded to 1 DP.

Answers

Check the picture below.

In the art club, there are 2 seventh graders for every 3 eighth graders. At
this year's art fair, there were 7 paintings by seventh graders for every 12
paintings by eighth graders. Is the ratio of seventh graders to eighth
graders in the art club equivalent to the ratio of paintings by seventh
graders to paintings by eighth graders? *

Answers

Answer:

no

Step-by-step explanation:

2/3 does not equal 7/12.

there would need to be 8 paintings by seventh graders for every 12 by eighth graders in order to have an equivalent ratio.

a torist walks 10.5 inches in 3 seconds. how far does it walk per second​

Answers

Divide distance by time:

10.5 inches / 3 seconds = 3.5 inches per second

Answer: 3.5 inches per second

Answer: 31.5

Step-by-step explanation: you multiply the inches by the second.

PLS HELP ME WITH THIS (4 x 1) + (4 x 3)

Answers

Answer:

16

Step-by-step explanation:

4x1 is 4

4x3 is 12

4+12 is 16

Answer:

16

Step-by-step explanation:

Figure F is a scaled copy of E.

What is length of each missing measurement.

Answers

Answer:

answer

Step-by-step explanation:

what are do u mean what is f and e explain properly and then people will tell u

\displaystyle\lim_{ x \rightarrow 0 } \left( \dfrac{ \sqrt[ m ]{ 1+αx \phantom{\tiny{!}}} \times \sqrt[ n ]{ 1+βx \phantom{\tiny{!}}} -1 }{ x } \right)

Answers

Answer:

What are you trying to ask.

Step-by-step explanation:

Please Write in a understandable  manner.

Thanks from India.

Add and simplify:
3 + 1
10 5​

Answers

Answer:

I don't under stand the question can u write more clearly

Which of the following can be used to represent the complement of event X?

Answers

2nd X..

I hope that this is correct

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