Mando3042 Mando3042

02-11-2019
Business

contestada

Allen Rent-A-TV derives an average profit of $15 per customer if it services 1000 customers or less. If it services over 1000 customers, the profit decrease per customer by $.01 for each customer over 1000. How many customers will give the maximum profit?

Respuesta :

salamancaleo0 salamancaleo0

02-11-2019

Answer:

1000

Explanation:

1000, that is the point where it reaches maximum utility, if it has more clients it incurs a higher marginal cost and therefore its utility would be lower, in microeconomics the utility function is a quadratic function, this means that it has a maximum point and from there the income continues to increase but the utility decreases due to the marginal cost, that is to say the cost of an additional unit.

Answer Link

Otras preguntas

I nearly flipped the bird at the man who drove me up the wall trying to sell me a lemon. What does this idiomatic phrase actually mean? 1. I nearly threw all th

In rwanda, a farmer is hiding a group of persecuted tutsis from a hutu military commander. the farmer believes that he has to always tell the truth, and that th

Name a metal which is yellow in color ??

What condition is associated with initial hiv infection? decreased cd8 t cells flulike symptoms with rash seroconversion within 3 to 6 days cd4 t cell count les

What is the measure of angle 8 if AB = 7 and AC = 9? Round to the nearest degree.

"what does carl jung call the models that help us understand experiences and deal with the difficult task of being human?"

brainliest is answered quickly......................................................................Analyze the graph below and answer the question that follows

What's the purpose of Wiesel's "The Perils of Indifference" speech? A. To inform B. To prioritize C. To entertain D. To persuade

At the state fair, admission at the gate is $8 . In addition, the cost of each ride is $3 . Suppose that Joe will go on x rides. Joe wants the total number of d

An engineer is going to redesign an ejection seat for an airplane. the seat was designed for pilots weighing between 150150 lb and 191191 lb. the new population