Produces a commercial product

Assignment Help Business Management
Reference no: EM131350209

Again, like we have been doing, at the end of the discussion, you will be asked to craft a 150 word reflection on what you have learned through this conversation and post it to the Reflection Journal. Dive in, be active, help out your classmates when they need it, and, because we could never say this enough, enjoy the conversation.

XYZ Corporation produces a commercial product that is in great demand by consumers on a national basis. Unfortunately, near the plant where it is produced there is a large population of dove-tail turtles who are adversely affected by contaminants from the plant. XYZ has a filtering process that is expensive and any increase in filtering effectiveness reduces their profit. Dove tailed turtles are not a protected species hence there are no environmental rules regulating XYZ's level of contaminants.

Clearly, no filtering at all would maximize XYZ's profitability. However, a local environmental group monitors XYZ's contaminant level and maintains a website showing the percentage mortality rate of the dove tailed turtles due to XYZ's contaminants. XYZ has noticed that the higher the mortality percentage, the less items are bought and the lower their profitability.

Their Marketing Department and Research Group has established the following Revenue Function, R(x), as a function of Dove Tail Turtle Mortality expressed as decimal between 0 to 1, representing mortality rate:

R(x) = 1 + x - x2; 0 < x ≤ 1

R(x) is expressed in billions of dollars and represents the revenue generated. Since XYZ has fixed operating costs of one billion dollars, the profit function, P(x) is given by P(x) = R(x) - 1.

You have been hired as the mathematical consultant for XYZ Corporation. They have asked you to help them optimize their profit and request that you:

1. Find the optimal dove-tail turtle mortality rate percentage that will maximize revenue.

2. State what the maximum profit will be.

Discussion:

As a successful mathematics student, you easily do the math and come up with the solution. Please include the answers to questions 1 and 2 in your discussion post.

But don't collect your money yet. You also understand that mathematics is a human activity and carries with it a certain social responsibility. Are there any ethical considerations that you would bring to your client's attention?

Reference no: EM131350209

Questions Cloud

Evaluate the factors that influence food habits and culture : 421: Describe and evaluate some of the major factors that have been influencing the supply and demand for food in recent years. What are the main reasons for some of these factors? You could include such topics as food scarcity, food prices ..
Verbal-nonverbal and vocal delivery : Considering your content; organization; physical, verbal, nonverbal, and vocal delivery; and multimedia, what did you do well in the presentation?
What is the maximum height of the ball : Sports Suppose a punter kicks a football so that the upward component of its velocity is 80 feet per second. If the ball is 3 feet off the ground when it is kicked, then the height of the ball, in feet, t seconds after it is kicked is given by h(t..
Establish long-term goals and objectives : Establish Long-term Goals and Objectives Strategy Formulation. Indicate the markets that the company will pursue. Specify the unique value the company will offer in the selected markets.
Produces a commercial product : XYZ Corporation produces a commercial product that is in great demand by consumers on a national basis. Unfortunately, near the plant where it is produced there is a large population of dove-tail turtles who are adversely affected by contaminants ..
Find the area between each curve : Refer to Exercise 13 of Lesson 15-2. Use the marginal cost function to approximate the cost for the company to produce one more widget when the production level is 20 widgets.
Mentor to personal growth within career : How important is a mentor to personal growth within your career? How do you find a mentor? Does that person need to work inside the organization with you? Or work outside and be an objective third party?
What is your personal adult educational philosophy : Using your knowledge of the various lines of philosophical thought within the adult education literature, and engaging in critical self-reflection, develop a clearly articulated statement of your educational philosophy as it pertains to the practi..
Explore business ideas for one that best suits your interest : If you don't have any particular business in mind, you may do an internet search to explore business ideas for one that best suits your interests.

Reviews

Write a Review

 

Business Management Questions & Answers

  Making hotplates what variations in the work situation

Making Hotplates what variations in the work situation might account for the increase in productivity and the decrease in controllable rejects?

  Organizational strategy at this organization

How does the training function support organizational strategy at this organization and how does training provide a competitive advantage to this organization?

  Explain the different components of the marketing mix

Choose an organization with which you are familiar. How does your selected organization use the different components of the marketing mix?

  How did curitiba control the growing density of people

How did Curitiba control the growing density of people and businesses in the downtown area? What role did the establishment of five major, linear axes play in addressing this problem? Be brief but thoroughly explain.

  Company-hyatt hotel corporation

Write a 1,050- to 1,400-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.

  Benefits of continuous organizational change

Explain what are the characteristics of a self-organizing system and how can self-organize principles be utilized to interface with a marketplace

  Organisation margin of safety

At what level of price for the new product will the organisation break even? If the actual planned selling price is £48 per unit, what wil be the organisation's margin of safety?

  Question regarding the contemporary theories

Review both types carefully and write a one half page essay on what the "early theories" were lacking and what the "contemporary theories" added to address the shortcomings of the early theories.

  Advocates in their treatment of externalities

Explain how advocates of strategic trade policy differ from the classical free market advocates in their treatment of externalities. Your response should be at least 75 words in length. Examine the role of the World Trade Organization (WTO). Identi..

  Explain how has learning about marketing concepts better

Explain how has learning about marketing concepts given you a better understanding of the market place and explain how businesses and consumers make decisions?

  Discuss ideas for applications of the google glass device

Discuss ideas for applications of the Google Glass device among the business and institutional markets. How can these applications be incorporated into online, mobile, and social media marketing?

  Particular incident of nonprofit wrong doing

Do research about a particular incident of nonprofit wrongdoing (possible examples involve the Nature Conservancy; United Way/Bill Aramony; the Red Cross; but there are others).

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd