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how did you find p= 4.1 in step 2
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- I need the answer to four, but it requires number 3.Consider the following quadratic (potential cost) functionHi, I have been trying to compute the optimal values from this lagrangian. But I can't seem to find a way to get the values from the answer key. I attached both the question and answers. Could you please explain to me how to get these values from the first-order conditions? Thank you very much
- How did you computate to get 0.005 for P(X=0)?The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know two things. The first is the manufacturer's fixed costs. This amount covers expenses such as plant maintenance and insurance, and it is the same no matter how many items are produced. The second thing we need to know is the cost for each unit produced, which is called the variable cost.Suppose that a manufacturer of widgets has fixed costs of $1000 per month and that the variable cost is $20 per widget (so it costs $20 to produce 1 widget). Explain why the function giving the total monthly cost C, in dollars, of this widget manufacturer in terms of the number N of widgets produced in a month is linear. C always increases by $20 when N increases by ______. Therefore, C has a constant rate of change and so is a linear function of N. Identify the slope and initial value of this function. slope…A store owner specializes in connoisseur coffee blends and wants to make 1 kilogram bags that will sell for $ 120 using Colombian, Brazilian and Kenyan coffees. The cost per kilogram of these three types of coffee is $ 140, $ 70, $ 100, respectively. x=Colombian y=Brazilian z=Kenyan Find: The solution of the system of linear equations: