Username:
Password:
LOGIN
Ask a Question Browse Questions Frequently Asked Questions
Question
Offered Price
$10.00

Profit Function Model Comparison

Question # 00007729
Subject: General Questions / General Academic Questions
Due on: 02/28/2015
Posted On: 02/03/2014 03:51 AM
Posted By:
pinky
Spent
$0.00
Earned
$74.00
Feedback Score:
Report this Question as Inappropriate
Question

Profit Function Model Comparison

Two companies start up at the same time. Company A claims their annual profits follow a linear model, P(x) = 10x ? 7 where x is the number of units sold and x ? 1 . Company B claims that their annual profits follow a radical model, P(x)=15 ? (x ? 1) + 3 or P(x) = 15sqrt(x ? 1) + 3, where x is the number of units sold and x ? 1. It is your job to investigate the validity of each claim.

1. Choose five values for x to plug into the linear function, P(x) = 10x ? 7 and create a table of values.

2. Use the same five x values to plug into the radical function, P(x)=15 ? x ? 1 + 3 or P(x) = 15sqrt(x ? 1) + 3, and create a table of values.

3. Using the table of values from parts 1 and 2 graph both functions. Upload the graph as an attachment to your post, or paste it directly into the DB using the Paste as HTML feature or Picture feature of the toolbar.

4. Using the graphs from part 3 compare the profits of each company and evaluate their claims. Which model seems more realistic, the linear or radical model, and why?

5. Of the function types you have studied so far—linear, quadratic, radical, or rational—which function type is more likely to represent a real profit function for a real company? Give a scenario for a specific type of company, and then give justification for why you chose that function type for that type of company.

Tutorials for this Question
Available for
$10.00

MATH 133 Unit 4 Discussion Board

Tutorial # 00007409
Number of words in this Tutorial: 6
Posted On: 02/03/2014 03:57 AM
Feedback Score: Not rated yet!
This tutorial has been purchased 0 times.
Posted By:
pinky
Spent
$0.00
Earned
$74.00
Feedback Score:
Report this Tutorial as Inappropriate
Tutorial Preview …4…
Attachments
MATH_133_Unit_4_Discussion_Board.doc (132.5 KB)
Preview: model, xxx why x Of the xxxxxxxx types you xxxx studied xx xxxxxxxxxx quadratic, xxxxxxxx or rationalwhich xxxxxxxx type is xxxx likely xx xxxxxxxxx a xxxx profit function xxx a real xxxxxxx Give x xxxxxxxx for x specific type xx company, and xxxx give xxxxxxxxxxxxx xxx why
Purchase this Tutorial @ $10.00 *
* - Additional Paypal / Transaction Handling Fee (3.4% of Tutorial price + $0.30) applicable