Skills and Applications
Optimal revenue The accounting firm in Exercise 41 lowers its charge for an audit to
41. Optimal revenue An accounting firm has
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Chapter 7 Solutions
Precalculus (MindTap Course List)
- Optimal Revenue An accounting firm has 780 hours of staff time and 272 hours of reviewing time available each week. The firm charges $1600 for an audit and $250 for a tax return. Each audit requires 60 hours of staff time and 16 hours of review time. Each tax return requires 10 hours of staff time and 4 hours of review time. What numbers of audits and tax returns will yield an optimal revenue? What is the optimal revenue?arrow_forwardLIFE SCIENCE APPLICATIONS Cost Analysis Acme Products sells a machine for doing a certain type of blood test for 40,000, which costs 20 for each use. Amalgamated Medical Supplies sells a similar machine for only 32,000, but it costs 30 for each use. How many times must the machines be used for the total cost to be equal?arrow_forwardFinance A family has a monthly mortgage payment of $760, which is 16 of their monthly income. What is the family’s monthly income?arrow_forward
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