#### Question Details

(Solved) MATH133 - Unit 2 Individual Project NAME (Required):

MATH133 â€“ Unit 2 Individual Project

NAME (Required): _____________________________

Please show all work details with answers, insert the graph, and provide answers to all of the critical thinking questions on this document.

Suppose you have a startup company that develops and sells a gaming app for smartphones. You get to know the financial performance of this by understanding your cost, revenue and profit.

The monthly cost function (in US dollars) of developing your app is , where Â is the cost and Â is the number of app downloads. The $2 in the equation is called the variable cost per gaming app download Â and b is called the fixed cost.

The monthly revenue function (in US dollars), based on previous monthly sales, is modeled by the function,

,

The monthly profit function (in US dollars), Â is derived by subtracting the cost from the revenue, i.e. .

For each question, be sure to show all your work details for full credit. When applicable, round all value answers to the nearest cent.

Based on the first letter of your LAST name, choose a value for your fixed cost, b. Use your chosen value of Â to write your cost function, .Â Then use Â to write your simplified profit function? (Show your work details.)Using the vertex formula (-b/2a), at how many downloads would your company achieve a maximum profit? How much is this maximum profit? (Show your work details)How many downloads would give you a profit of $20,000 the next month? (Show your work details. Hint: Let the profit function be equal to $20,000 and solve for x using the quadratic formula. Since the domain of the Profit function is [0,300], be sure your value of Â is between 0 and 300.)Complete the table below by calculating the profit for each number of downloads. (Show your work details for Â and ,__ONLY__.)Using the table from part 4, generate a graph of your profit function using Excel or another graphing utility. (There are free downloadable programs like Graph 4.4.2Â or Microsoftâ€™s Mathematics 4.0; or online utilities like this site ; and there are many others.) Insert the graph into the supplied Student Answer Form. Be sure to label and number the axes appropriately so that the graph matches the chosen and calculated values from above.Â Your graph will be only a part of a parabola since the domain of this quadratic function is [0, 300].Do you think developing a mathematical model of a profit function such as the one in this assignment can help a company to understand its start-up dynamics?Â Explain the reasoning that led to your conclusion.

References

Desmos. (n.d.). Retrieved from https://www.desmos.com/

Graph 4.4.2. (n.d.). Retrieved from the Graph Web site: http://www.padowan.dk/

**Solution details:**

Answered

QUALITY

Approved

ANSWER RATING

This question was answered on: * Sep 05, 2019 *

* * Solution~000200118901.zip (25.37 KB)

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy from our tutoring website www.aceyourhomework.com (Deadline assured. Flexible pricing. TurnItIn Report provided)

##### Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .

#### About this Question

STATUSAnswered

QUALITYApproved

DATE ANSWEREDSep 05, 2019

EXPERTTutor

ANSWER RATING

#### GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).

#### NEW ASSIGNMENT HELP?

### Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions.
New orders are original solutions *and precise to your writing instruction requirements. Place a New Order using the button below.*

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.