Computers and Technology, 04.07.2020 04:01 webbhlharryteach
A company estimates that if x thousand cedis is spent on the marketing of a certain product, Q(x) thousand units of the product will be sold, where Q(x) = 7x 27 + x 2 . (a) Determine the domain of the function defined. [2 Marks] (b) Determine how much of the product will be sold if the company does not spend any money on marketing. [2 Marks] (c) Determine the amount of money the company must spend on marketing to achieve the minimum and maximum quantities. Leave your answers to 2 decimal places. [10 Marks] (d) Determine the maximum and minimum quantities that can be sold. Leave your answer to the nearest whole number. [5 Marks] (e) Determine the marketing expendure ranges on which quantity sold is increasing and decreasing and interpret your solution. [9 Marks] (f) Determine what happens as the company invests an infintely large amount of money on marketing. [6 Marks] (g) Use the information given from (a) to (f) to sketch the curve of Q(x). [6 Marks] 2. (a) The demand and supply functions of a particular good in a competitive market are defined respectively as p = 200q q1 and p = 30+2q. If p and q denote the price and quantity respectively, determine the equilibrium price and quantity. [15 Marks] (b) Let the price and quantity functions of a product be given by p = 2x + k and q = x + 2 respectively, where x is a variable and k is a constant. Find the value(s) of k for which the total revenue function is always positive. [15 Marks]
Answers: 1
Computers and Technology, 22.06.2019 18:30, Angelanova69134
Technician a says that a shop towel should never be used to clean around the flange area before replacing an automatic transmission filter. technician b says that a dimpled transmission fluid pan can be repaired. who is right
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Computers and Technology, 22.06.2019 19:30, bstine6678
When creating a presentation in libre office impress, where does the editing of slides take place? a. the slides panel b. the center panel c. the tasks panel, under the masters pages tab d. the tasks panel, under the layouts tab
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A company estimates that if x thousand cedis is spent on the marketing of a certain product, Q(x) th...
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