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Solution M.2 - OME Activity M2

OMelec Answers

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106 views4 pages

Solution M.2 - OME Activity M2

OMelec Answers

Uploaded by

alyannavicente03
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Mary the Queen College Pampanga

OME Lec.3
Asynchronous Activity M2

Name: _________________________________________ Date: ______________


Section: _______________________________________
Instruction: Answer each of the following honestly and independently
1. A company manufactures notebook computers. Its marketing research department, using
statistical techniques, collected the data shown in the table below, where p is the
wholesale price per computer at which x thousand computers can be sold. Using special
analytical techniques (regression analysis), an analyst produced the following price–
demand function to model the data:
p(x) = 2,000 – 60x 1 < x < 25

Price – Demand Table:


x
p($)
(thousands)
1 1940
8 1520
16 1040
21 740
25 500

A. Plot the data points in the above table, and sketch a graph of the price–demand
function in the same coordinate system.

p(x)

x
B. What would be the estimated price per computer for a demand of 11,000 computers?
For a demand of 18,000 computers? p(11) = 1340, p(18) = 920

C. Using the price–demand function


p(x) = 2,000 – 60x; at 1< x < 25,
Write the company’s revenue function and indicate its domain.
R(x) = x p(x) = x (2,000 – 60x) → R(x) = 2000x – 60x², D = {0 < x < 33.33}
D. Complete the table below, computing revenues to the nearest thousand dollars

Revenue Table:
x
R(x)
(thousands)
1 1940
5 8500
10 14000
15 16500
20 16000
25 12500

E. The financial department for the company established the following cost function for
producing and selling x thousand notebook computers:
C(x) = 4,000 + 500x thousand dollars.
Write a profit function for producing and selling x thousand notebook computers and
indicate its domain. P(x) = R(x) – C(x) = 2000x – 60x² – (4,000 + 500x)
= 2000x – 60x² – 4000 – 500x
P(x) = – 60 x² + 1500x – 4000, D = {3.04 < x < 21.96}

F. Complete the table below, by computing profits to the nearest thousand dollars.

Profit Table:
x
P(x)
(thousands)
1 – 2,560
5 2000
10 5000
15 5000
20 2000
25 – 4000
G. Plot the points in part (F) and sketch a graph of the profit function using these points.

Graph of the Profit function


6000

4000

2000

0
0 5 10 15 20 25 30

-2000

-4000

-6000

H.

18000

16000

14000

12000

10000

8000

6000

4000

2000

0
0 3 6 9 12 15 18 21 24 27 30 33 36

I. D = {3.04 < x < 21.96}

“Be proud of a little learning, it is better than any form of


cheating”
Sir Anre

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