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In Exercise 6, what tax should the government impose on the producer if it wishes to maximize its tax revenue?
Exercise 6
A fur dealer finds that when coats sell for $4000, monthly sales are 6 coats. When the price increases to $5000, the demand is for 5 coats. Assume that the demand equation is linear.
(a) Find the demand and revenue equations.
(b) If overhead is $2500 per month and the production cost per coat is $2000, find the cost equation and profit equation.
(c) Find the level of production that maximizes profit.
Air is pumped into a spherical balloon, so the balloon expands. The volume of a sphere of radius R is . If the radius of the sphere after t seconds is 2t centimeters, at what rate is air being pumped in when t=5?
An investor invested a total of $2,500 in two mutual funds. One fund earned a 4% profit while the other earned a 25 profit. If the investor's total profit was $78, how much was invested in each mutual fund?
Continuous Probability Distribution - Independent Events, A certain airplane has two independent alternators to provide electrical power. The probability that a given alternator will fail on a 1-hour flight is .02.
a manager of a small store wanted to discourage shoplifters by putting signs around the store saying shoplifting is a
Identify the solutions of the system of equations
Prove that there exist real numbers which are not algebraic.
reboot inc. is a manufacture of hiking boots. the demand next year is expected to be 3000 4000 8000 and 7000 pair of
Cassandra bought an antique dresser for $500. I fthe value of her dresser increases 6% anually, what will be the value of Cassandra's dresser at the end of three years to the nearest dollar?
The width of a rectangular swimming pool is 10 feet less than the length of the swimming pool. The surface area of the pool is 600 square feet. What are the length and the width of the pool. You must know the formula for area of a rectangle in ord..
Twenty samples of subgroup size of 4 (n = 4) were collected for a variable measurement. Determine the upper control limit (UCL) for an R-chart if the mean of the sample ranges equals 4.4
Find the dot product
1) a) How many 16 bit strings of 0's and 1's contain exactly 7 1's? b) How many 16 bit strings of 0's and 1's contain at least one 1?
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