Question

The price-demand equation and the cost function for the production of 4K Tv’s are given respectively....

The price-demand equation and the cost function for the production of 4K Tv’s are given respectively. x = 9000 − 30p and c(x) = 150000 + 30x Where x is the number of 4k TV’s that can be sold at a price p and c(x) is the total cost in dollars in producing x Tv’s.

a) Express the price p as a function of demand x, and find the domain of this function.

b) Find the marginal cost function

c) Find the revenue function

d) Find the marginal revenue function e) Find the marginal profit function

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1 point) The price-demand and cost functions for the production of microwaves are given as p=280−x40p=280−x40...
1 point) The price-demand and cost functions for the production of microwaves are given as p=280−x40p=280−x40 and C(x)=20000+100x,C(x)=20000+100x, where xx is the number of microwaves that can be sold at a price of pp dollars per unit and C(x)C(x) is the total cost (in dollars) of producing xx units. (A) Find the marginal cost as a function of xx. C′(x)C′(x) =   (B) Find the revenue function in terms of xx. R(x)R(x) =   (C) Find the marginal revenue function in terms...
7. A furniture company is faced with the following the price-demand function, revenue function, and cost...
7. A furniture company is faced with the following the price-demand function, revenue function, and cost function: p(x) = 90 - 5x R(x) = xp(x) C(x) = 250 + 15x where p(x) is the price in dollars at which x hundred chairs can be sold and R(x) and C(x) are in thousands of dollars. (a) Give the revenue R for producing 1200 chairs. (b) Find the production level that gives the break-even point. (c) Find the production level that gives...
The cost function C and the price-demand function p are given. Assume that the value of...
The cost function C and the price-demand function p are given. Assume that the value of C(x) and p(x) are in dollars. Complete the following. C(x) = x2 100 + 7x + 3000; p(x) = − x 40 + 5 (a) Determine the revenue function R and the profit function P. R(x) = P(x) = (b) Determine the marginal cost function MC and the marginal profit function MP. MC(x) = MP(x) = Here is a picture of the problem: https://gyazo.com/b194ec1a9b7787b8b81ad12388ff915e
The demand function for a particular brand of LCD TV is given by p = 2400...
The demand function for a particular brand of LCD TV is given by p = 2400 − 30x where p is the price per unit in dollars when x television sets are sold. (a) Find the revenue function. R(x) =      (b) Determine the number of sets that must be sold in order to maximize the revenue. sets (c) What is the maximum revenue? $   (d) What is the price per unit when the revenue is maximized? $  per unit
1. The cost function C and the price-demand function p are given. Assume that the value...
1. The cost function C and the price-demand function p are given. Assume that the value of C(x)  and p(x) are in dollars. Complete the following. C(x) = x^2/100 + 6x + 1000; p(x) = x/20+25 (a) Determine the revenue function R and the profit function P. R(x) =    P(x) = (b) Determine the marginal cost function MC and the marginal profit function MP. MC(x) =    MP(x) = 3. Determine the derivative for the given single-term function. When appropriate,...
3. As the number of units sold increases, market price decreases (supply and demand).             Suppose...
3. As the number of units sold increases, market price decreases (supply and demand).             Suppose that p = 5000 – 0.75x , where p is the market price and x is the number of      units sold. Suppose further that the cost of producing x items is given by      C(x) = 3000 + 15x, and that the revenue from the sale of x units is given by      R(x) = 120x.     a. Express the cost as a...
1) For a company the demand equation is given by p = 100 - 0.025x, where...
1) For a company the demand equation is given by p = 100 - 0.025x, where p represents the price per unit when x quantity of units is sold. Determine the marginal revenue when 2,500 units are sold, that is, R ’(2,500) and interpret the result. 2) The total weekly cost in dollars for manufacturing x calculators in a company is given by the function C (x) = 10x + 2,500. Determine the marginal average cost function.
Until​ recently, hamburgers at the city sports arena cost $ 2.50 each. The food concessionaire sold...
Until​ recently, hamburgers at the city sports arena cost $ 2.50 each. The food concessionaire sold an average of 2,500 hamburgers on game night. When the price was raised to $2.80​, hamburger sales dropped off to an average of 2,200 per night. The​ concessionaire's fixed costs were ​$1,156.50 per night and the variable cost was $1.98 per hamburger. Answer the following questions​ (A) through​ (F). (A)   Assume that the relationship between price p and demand x is linear. Express p...
1) Suppose the cost in dollars of manufacturing q item is given by: C= 2000q +...
1) Suppose the cost in dollars of manufacturing q item is given by: C= 2000q + 3500 and the demand equation is given by: q= sqrt(15,000-1.5p) in terms of the demand q, a) find an expression for the revenue R b) find an expression for the profit P c) find an expression for the marginal profit d) Determine the value of the marginal profit when the price is $5000 2) A manufacturer sells video games with the following cost and...
The demand equation and average cost function of a manufacturing firm are given by 200 =...
The demand equation and average cost function of a manufacturing firm are given by 200 = p+4q and AC = 0.8q^2 + 4 + (25/q) respectively, where q is the number of units produced. Using the information provided above, please answer the following questions (a) Determine the amount of profit when it is maximized. (b) Determine the amount of average cost at which maximum profit occurs. (c) Determine the marginal cost of the product when profit is maximized? (d) Given...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT