LTB week 3 - 2 3 +--=-+--=-+--=---= + +-= t t t t t t t t t...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Section 5.2 Q.100 p p p R 300 08 . 0 ) ( 2 + - = Revenue is the product of price p and the demand D(p) So we factorise a) ) 300 08 . 0 ( ) ( 300 08 . 0 ) ( 2 + - = + - = p p p R p p p R b) 300 08 . 0 ) ( + - = p p D c) 60 300 240 300 ) 3000 ( 08 . 0 ) 3000 ( 300 08 . 0 ) ( = + - = + - = + - = D p p D d) The approximate price at which revenue will be maximized is $1900 e) Approximate revenue = 280 thousand dollars f) The estimated price is $0 and $3,800 when the revenue is zero
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Section 5.4 Q.106 t t t t N 8 23 3 ) ( 2 3 + + - = a) ) 1 3 )( 8 ( )} 8 ( 1 ) 8 ( 3 { ) 8 24 3 ( ) 8 23 3 ( ) ( 8 23 3 ) ( 2 2
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2 3 +--=-+--=-+--=---= + +-= t t t t t t t t t t t t t t t N t t t t N b) 105 ) 7 )( 5 ( 3 ) 1 3 * 3 )( 8 3 ( 3 ) 3 ( ) 1 3 )( 8 ( ) ( =--= +--= +--= N t t t t N c) At 5.5 hours the workers are most efficient d) During 8 hour shift the maximum number of components assembled = 237 approx...
View Full Document

Page1 / 2

LTB week 3 - 2 3 +--=-+--=-+--=---= + +-= t t t t t t t t t...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online