Finite Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
12th Edition
ISBN: 9780134767611
Author: Margaret L. Lial, Tom Hungerford, John P. Holcomb, Bernadette Mullins
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 3.3, Problem 34E
Business Work the following problems. (See Example 7.)
The owners of a parking lot have determined that their weekly revenue and cost in dollars are given by
(a) Find the break-even point.
(b) Graph
(c) From the graph, estimate the revenue and cost when there are 60 long-term parkers.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Chapter 3 Solutions
Finite Mathematics with Applications In the Management, Natural, and Social Sciences (12th Edition)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- The manufacturer of a water bottle spends $5 to build each bottle and sells them for $10. The manufacturer also has fixed costs each month of $6500. (a) Find the cost function C when x bottles are manufactured. (b) Find the revenue function R when x bottles are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the break-even point means.arrow_forwardThe manufacturer of a weight training bench spends $15 to build each bench and sells them for $32. The manufacturer also has fixed costs each month of $25,500. (a) Find the cost function C when x benches are manufactured. (b) Find the revenue function R when x benches are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the break-even point means.arrow_forwardThe manufacturer of an energy drink spends $1.20 to make each drink and sells them for $2. The manufacturer also has fixed costs each month of $8,000. (a) Find the cost function C when x energy drinks aremanufactured. (b) Find the revenue function R when x drinks are sold. (c) Show the break-even point by graphing both the Revenue and Cost functions on the same grid. (d) Find the break-even point. Interpret what the breakeven point means.arrow_forward
- When hired at a new job selling electronics, you aregiven two pay options: • Option A: Base salary of $20,000 a year with acommission of 12% ofyour sales • Option B: Base salary of $26,000 a year with acommission of 3% of your sales How much electronics would you need to sell foroption A to produce a larger income?arrow_forwardA farmer finds that if she plants 75 trees per acre,each tree will yield 20 bushels of fruit. She estimatesthat for each additional tree planted per acre, theyield of each tree will decrease by 3 bushels. Howmany trees should she plant per acre to maximizeher harvest?arrow_forwardWhen hired at a new job selling electronics, you aregiven two pay options: • Option A: Base salary of $10,000 a year with acommission of 9% of your sales • Option B: Base salary of $20,000 a year with acommission of 4% of your sales How much electronics would you need to sell foroption A to produce a larger income?arrow_forward
- Tension needs to eat at least an extra 1,000 calories a day to prepare for running a marathon. He has only $25 to spend on the extra food he needs and will spend it on $0.75 donuts which have 360 calories each and $2 energy drinks which have 110 calories. (a) Write a system of inequalities that models this situation. (b) Graph the system. (c) Can he buy 8 donuts and 4 energy drinks? (d) Can he buy 1 donut and 3 energy drinks?arrow_forwardFlat-screen television sets A wholesaler of appliance finds that she can sell (1200x) flat-screen television sets each week when the price is x dollars. What price will maximize revenue?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Elementary AlgebraAlgebraISBN:9780998625713Author:Lynn Marecek, MaryAnne Anthony-SmithPublisher:OpenStax - Rice University
College Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Algebra for College StudentsAlgebraISBN:9781285195780Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage Learning
Elementary Algebra
Algebra
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:OpenStax - Rice University
College Algebra (MindTap Course List)
Algebra
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Algebra for College Students
Algebra
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Cengage Learning
Finding Local Maxima and Minima by Differentiation; Author: Professor Dave Explains;https://www.youtube.com/watch?v=pvLj1s7SOtk;License: Standard YouTube License, CC-BY