A Factory Produces 2000 Products Each Month

question 6

Essay

A factory produces 2000 products each month. The expenses on each product are and the income from each product is . For each additional product beyond the first 2000 products, the income for each product reduces by (for example, for 2001 products the income from each product is ).
A) Find the profit in a month for which additional product are produced.
B) How many additional products should be produced to obtain maximum profit in a month?

• A) Find the profit in a month for which additional product are produced.
• B) How many additional products should be produced to obtain maximum profit in a month?

Differentiate between rods and cones and their respective roles in visual perception.

Identify how sensory adaptation affects our interaction with the environment.

Understand how the human visual system adjusts to changes in light conditions.

Recognize the importance of tiny eye movements in sustaining vision.

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Definitions:

Utility Function

An economic concept that measures preferences over a set of goods and services, reflecting satisfaction or happiness.

Indifference Curve

A graphical representation in microeconomic theory of all possible bundles of goods between which a consumer is indifferent, showing preferences of equal utility.

Same Amount Of X And Y

This refers to a situation or condition where quantities or magnitudes of two variables, X and Y, are equal.

Utility Function

A mathematical representation of how a consumer derives satisfaction from consuming goods and services, depending on the quantity consumed.