Answer:
Both prices should be set to #25.
The maximum revenue is #4375
Step-by-step explanation:
Given
[tex]q_1 = 150-2p_1-p_2[/tex]
[tex]q_2 = 200-p_1-3p_2[/tex]
Start by calculating the total revenue (R):
[tex]R = p_1q_1 + p_2q_2[/tex]
[tex]R = p_1(150-2p_1-p_2) + p_2(200-p_1-3p_2)[/tex]
[tex]R = 150p_1-2p_1^2-p_1p_2 + 200p_2-p_1p_2-3p_2^2[/tex]
Collect and solve like terms
[tex]R = 150p_1+ 200p_2-2p_1^2-2p_1p_2 -3p_2^2[/tex]
Differentiate with respect to pi and to p2, respectively
[tex]\frac{dR}{dp_1} = 150 -4p_1 - 2p_2[/tex]
[tex]\frac{dR}{dp_2} = 200 -2p_1 - 6p_2[/tex]
Equate both to 0, to get the critical point
[tex]150 -4p_1 - 2p_2 = 0[/tex]
[tex]200 -2p_1 - 6p_2 = 0[/tex]
Solve for p1 in [tex]150 -4p_1 - 2p_2 = 0[/tex]
[tex]4p_1 = 150 - 2p_2[/tex]
[tex]p_1 = 37.5 - 0.5p_2[/tex]
Substitute [tex]p_1 = 37.5 - 0.5p_2[/tex] in [tex]200 -2p_1 - 6p_2 = 0[/tex]
[tex]200 - 2(37.5 - 0.5p_2) - 6p_2 = 0[/tex]
[tex]200 - 75 - p_2 - 6p_2 = 0[/tex]
[tex]125 - 7p_2 = 0[/tex]
[tex]-7p_2 =-125[/tex]
[tex]p_2 = 25[/tex]
Substitute [tex]p_2 = 25[/tex] in [tex]p_1 = 37.5 - 0.5p_2[/tex]
[tex]p_1 = 37.5 - 0.5 * 25[/tex]
[tex]p_1 = 37.5 - 12.5[/tex]
[tex]p_1 = 25[/tex]
So, we have:
[tex]p_1 = p_2 = 25[/tex]
This implies that the prices should be set to #25.
The maximum possible revenue is:
[tex]R = 150p_1+ 200p_2-2p_1^2-2p_1p_2 -3p_2^2[/tex]
[tex]R = 150 * 25 + 200 * 25 -2 * 25^2 - 2 * 25 * 25 - 3 * 25^2[/tex]
[tex]R = 4375[/tex]
The maximum revenue is #4375
The maximum possible revenue is 4375.
How to calculate the revenue?From the information given, the following can be deduced:
Q₁ = 150 - 2P₁ - P₂
Q₁ = 150 - 2P₁ - P₂Q₂ = 200 - P₁ - 3P₂
The total revenue will be:
R = P₁Q₁+ P₂Q₂
R = P₁(150 - 2P₁ - P₂) + P₂(200 - P₁ - 3P₂)
R = 150P₁ + 200P₂ - 2P₁² - 2P₁P₂ - 3P₂²
To maximize, differentiate it in both the direction of P₁ and P₂.
d/dP₁ = 150 - 4P₁ - 2P₂
d/dP₂ = 200 - 2P₁ - 6P₂.
Solving for P₁ goes thus:
4P₁ = 150 - 2P₂
Divide through by 4
P₁ = 37.5 - 0.5P₂
Since 200 - 2P₁ - 6P₂ = 0
200 - 2(37.5 - 0.5P₂) - 6P₂ = 0.
P₂ = 25
Therefore, the revenue will be:
= 150P₁ + 200P₂ - 2P₁² - 2P₁P₂ - 3P₂²
= (150 × 25) + (200 × 25) - (2 × 25 × 25) - (3 × 25²)
= 4375
In conclusion, the revenue is 4375.
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What is 2/3 of 9?
2
3
6
7
Answer: 6
Step-by-step explanation:
2/3 of 9 is basically 2/3 times 9
Answer:
6, because this and that is this and that bam boom bap, just trust me bro
which is a correct step when using the median fit method for modeling data?
Use the median value of intercepts found
Calculate slope using the right and middle points
Determine three y intercepts by using each summary point along with the slope.
Determine the median of the x values and the median of the y values.
When using the median fit method to model data, you should Determine three y intercepts by using each summary point along with the slope.
What is the median fit method?This is a model for coming up with trend lines to represent the data given by a data set by dividing the given data into sections where the data points are equal in number.
As there will be three sections, it is important that three y intercepts are determined using summary points and the slope.
Find out more on the median fit method at https://brainly.com/question/23298464.
#SPJ2
Answer: C
Step-by-step explanation:
PLEASE HELP ILL MAKE BRAINLIEST ASAP
The amount of money in a bank account increased by 18.5% over the last year. If the amount of money at the beginning of the year is represented by n, which expression represents the amount of money in the bank account after the increase? Select all that apply.
A
n + 0.185n
B
n + 18.5n
C
1.185n
D
0.185n
E
18.5n
F
19.5n
Answer:
A
Step-by-step explanation:
pls help me on them all
Hikers spent the following amounts of time (in minutes) to complete a
nature hike: 48, 46, 52, 57, 58, 52, 61, 56.
Suppose another hiker takes 92 minutes to complete the hike.
How does the median and mean change when the new hiker is
factored in to the data?
Answer:
the mean is 53.75 and median is 54
Step-by-step explanation:
Find the equation of the line that
is parallel to y = 4x + 1 and
contains the point (1, 1).
Answer:
4x-3
Step-by-step explanation:
Equation of the line that is parallel to y = 4x + 1 and contains the point (1, 1) is y = 4x - 3.
What are equation of a line that is parallel to that line?Two lines are said to be parallel if they always maintain the same distance apart. If two lines are drawn so that they could extend into infinity without ever meeting each other, these lines are called parallel. Parallel lines are also called Equidistant lines.
Given
Equation of line y = 4x + 1
Point = (1, 1)
Equation of the line that is parallel to y = 4x + 1 is y=kx + b
Here k =4
y = 4x + b and contains the point (1,1)
Substitute the point (1,1) in y= 4x + b
⇒ 1 = 4(1) + b
⇒ 1 - 4 = b
⇒ b = -3
y = 4x + b
⇒ y = 4x - 3
Equation of the line that is parallel to y = 4x + 1 and contains the point (1, 1) is y = 4x - 3.
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A quality control inspector has drawn a sample of 11 light bulbs from a recent production lot. Suppose 20% of the bulbs in the lot are defective. What is the probability that less than 7, but more than 4 bulbs from the sample are defective
Answer:
0.04845
Step-by-step explanation:
Probability that less than 7 but more than 4 bulbs from the sample are defective :
P(4 < X < 7) = P(x = 5) + P(x = 6)
Using the binomial probability formula :
P(x =x) = nCx * p^x * (1 - p)^(n - x)
From the question :
p = 0.2 ; 1 - p = 0.8 ; n = 11
P(x =5) = 11C5 * 0.2^5 * 0.8^6 = 0.03876
P(x = 6) = 11C6 * 0.2^6 * 0.8^5 = 0.00969
P(4 < X < 7) = P(x = 5) + P(x = 6)
P(4 < X < 7) = 0.03876 + 0.00969
P(4 < X < 7) = 0.04845
So theres an equation here....
p<_ 7.5
Omar can buy at least_____pairs of socks.
Options:-
1. He can buy at least 7 socks
2. He can buy at most 7 socks
3. He can buy at least 8 socks.
4. He can buy at most 8 socks
ALSO I NEED THIS ASP PLUS BRAINLIEST
10 points tho bc ppl steal points and dont answer :/
Answer:he can buy at least 7 pairs of socks
Step-by-step explanation:
Lydia would like to have cake and pizza at her party the cake will cost $23, each pizza cost $15.00 the total budget for the food at her party is $75 what are the number of pizzas she can get and what is the equation and define your variable
Answer:
20
Step-by-step explanation:
fw3f2f3sf a
Im kinda stuck on this can i get help
Answer:
6+4=10
7-6=1
6*6=36
1/3*6=2
Step-by-step explanation:
Plug in 6 for x and solve it.
The answer to this question
Please help me answer this math problem.
Answer:
F. g(x)=f(x)-5
Step-by-step explanation:
Marking as brainiest
Each student in a class recorded how many books they read during the
summer. Here is a box plot that summarizes their data. What is the Range
of the data?
. 8
10 1 18
number of books
Your answer
This is a required question
Write the slope-intercept form of the line given point and slope. ( show work if possible please)
through: (-2,-5), slope = 5
Answer:
y=5x+5
Step-by-step explanation:
y-y1=m(x-x1)
y-(-5)=5(x-(-2))
y+5=5(x+2)
y=5x+10-5
y=5x+5
what is the poem Caged Bird about?
Which of these graphs represents a function ?
Answer:
Graph C
Step-by-step explanation:
Do bathroom scales tend to underestimate a person’s true weight? A 150 lb test weight was placed on each of 50 bathroom scales. The readings on 28 of the scales were too light, and the readings on the other 22 were too heavy. Can you conclude that more than half of bathroom scales underestimate weight? Find the P-value and state a conclusion. The P-value is . Round the answer to four decimal places. We cannot conclude that more than half of bathroom scales underestimate weight.
Answer:
the P-value = 0.1977
conclusion: Since the p-value is not small;
we reject null hypothesis
hence, the data does not support claim that more than half of the bathroom scales underestimate weight.
Step-by-step explanation:
Given the data in the question;
let X represent the number of successes ( the weight is underestimated ) in n independent Bernoulli trials, each with the success probability p
X - Bin( n,p).
so
Null hypothesis H₀ : p ≤ 0.5
Alternative hypothesis Hₐ : p > 0.5
now, compute np₀ and n( 1 - p₀ )
np₀ = (50)(0.5)
np₀ = 25
n( 1-p₀ ) = (50)(1 - 0.5)
n( 1-p₀ ) = 25
we can see that both values are greater than 10.
∴ the sample proportion is approximately normally distributed;
P" - N ( p₀, [tex]\frac{p_{0}(1-p_0)}{n}[/tex] )
sample proportion p" = 28/50 = 0.56
standard deviation will be;
σ[tex]_{p"[/tex] = √( p₀(1-p₀) / n )
σ[tex]_{p"[/tex] = √( 0.5(1-0.5) / 50 )
σ[tex]_{p"[/tex] = √( 0.25 / 50 )
σ[tex]_{p"[/tex] = 0.07071
Next is the Z-score
z = p" - p₀ / σ[tex]_{p"[/tex]
z = 0.56-0.5 / 0.07071
z = 0.06 / 0.07071
z = 0.85
from table,
the probability that a standard normal random variable takes on a value greater than 0.85 is approximately 0.1977
Therefore, the P-value = 0.1977
conclusion: Since the p-value is not small;
we reject null hypothesis
hence, the data does not support claim that more than half of the bathroom scales underestimate weight.
p = 0.197663
Identity the coterminal angle between 360° and 360° for the angle - 120°
No
what is the area of the trapozoid?
Answer:
8units²
Step-by-step explanation:
area of trapezoid=½(a+b)*h
a=2
b=6
h=2
area of trapezoid=½(2+6)*2
area of trapezoid=½(8)*2
area of trapezoid=4*2
=8units²
13. Describe and correct the error in finding the product.
X (x – 5)² = x² – 52
= x2 - 25
Answer:
Answer:
x=−1.27794
Step-by-step explanation:
x(x−5)2=x2−52
x3−10x2+25x=x2−52
Step 1: Subtract x^2-52 from both sides.
x3−10x2+25x−(x2−52)=x2−52−(x2−52)
x3−11x2+25x+52=0
Step 2: Use cubic formula.
x=−1.27794
Hope it helps +_+
Write the equation of the line that passes through (7,-4) and (-1,-2) in slope-intercept form.
Answer:
y = -1/4x - 5/2
Step-by-step explanation:
-2- -4 /-1-7 = 2/-8 = -1/4
y+2 = -1/4(x+2)
y+2 = -1/4x - 1/2
y = -1/4x -5/2
(-6, -7) and (3,-4)
Pleaseee helppppppp
Answer:
y = x/3 - 5
Step-by-step explanation:
Answer:
y = (1/3)x - 5 .
Step-by-step explanation:
(-6 , -7) ; (3 ,-4)
Slope = [tex]\frac{y_{2}-y_{1}}{x_{2}-x_{1}}\\[/tex]
[tex]=\frac{-4-[-7]}{3-[-6]}\\\\= \frac{-4 + 7}{3+6}\\\\= \frac{3}{9}\\\\=\frac{1}{3}[/tex]
m = 1/3 ; (3,-4)
y - y1 = m(x - x1)
[tex]y - [-4]=\frac{1}{3}(x-3)\\\\y + 4 = \frac{1}{3}x-3*\frac{1}{3}\\\\y + 4 = \frac{1}{3}x-1\\\\y =\frac{1}{3}x-1-4\\\\y = \frac{1}{3}x - 5[/tex]
Find the explicit form of the arithmetic function of p if the first term is 12 and the common difference is 2. Then find the seventh term.
Answer:
1st
Step-by-step explanation:
Help I really need this answer 5,000 mL =
Answer:
5L
Step-by-step explanation:
[tex]\frac{5000mL}{1}*\frac{1L}{1000mL} = 5L[/tex]
Answer:
5L
Step-by-step explanation:
If you are trying to find out how many liters there are in 5000 milliliters then it is 5
I need help and it’s due soon
Answer:
Point A
Step-by-step explanation:
Answer:
point A
Step-by-step explanation:
The point A is opposite with the point R and the x-axis is between them.
Anyone else been saved by brainly?
Answer:
Yes, many times actually. I've aced tests because of brainly
Step-by-step explanation:
Can someone please tell me the answer
It's B because 2 equals 86 dgrees since its vertical angles
Daphne has a preloaded games card that she is using to play games at the arcade as shown in the table.
How much did Daphne start with on her card?
by what amount does her card value change per game?
write an equation to represent the situation.
Answer:
she starts with $25
every three games she spends $1.50 (.50 per game)
Step-by-step explanation:
i mean i cant really explain it, its kinda self explanatory
whoever answers it correct first gets brainlest
Answer:
f(x)=x+1 ok
please mark me as brainlest
The equation has a solution of x = 5.
What is the value of k?
k =
Answer:
K= -11
Step-by-step explanation:
