Question

5) The cost per unit of producing a product is 60 + 0.2x dollars, where x represents the number of units produced per week. The equilibrium price determined by a competitive market is $220.

How many units should the firm produce and sell each week to maximize its profit?

b) What is the maximum profit?

Answer #1

The price of a product in a competitive market is $500. If the
cost per unit of producing the product is 140 + 0.1x
dollars, where x is the number of units produced per
month, how many units should the firm produce and sell to maximize
its profit?
units

If the daily cost per unit of producing a product by the Ace
Company is 5 + 0.1x dollars, and if the price on the
competitive market is $50, what is the maximum daily profit the Ace
Company can expect on this product?

If the total cost function for a product is C(x) = 8(x + 5)3
dollars, where x represents the number of hundreds of units
produced, producing how many units will minimize average cost? x =
hundred units Find the minimum average cost. (Round your answer to
two decimal places.) dollars per hundred units

If the total cost function for a product is C(x) = 9(x + 3)^3
dollars, where x represents the number of hundreds of units
produced, producing how many units will minimize average cost?
a) x= ?
b) Find the minimum average cost per hundred units.

assume that revenue, R(x), and cost, C(x), of producing x units
are in dollars:
R(x)=9x-2x^2 C(x)=x^3 - 3x^2 +4x +1
how many units must be produced to maximize profit? what is the
maximum profit as a dollar amount?

If the cost function (in thousands of dollars) for a product is
C(x) = 56x+182 (where x represents thousands of the product), and
the price function in p = 256-50x, what price and quantity will
maximize profit? What will this profit be? (Hint Profit = Revenue -
Cost)

Suppose a company has fixed costs of $2400 and variable costs
per unit of 15/16 x + 1700 dollars, where x is the total number of
units produced. Suppose further that the selling price of its
product is 1800 − 1/16 x dollars per unit.
(a) Find the break-even points. (Enter your answers as a
comma-separated list.)
(b) Find the maximum revenue. (c) Form the profit function P(x)
from the cost and revenue functions.
Find the maximum profit.
(d) What...

Let's say an online retailer sells tablets. The demand (price)
function is given by p(x)=500−18x, where x is the number of tablets
produced sold and p(x) is the price per week, while the cost, in
dollars per week to produce x tablets is given by C(x)=35000+120x.
Based on this, answer the following questions:
1. Determine the Revenue Function.
2. Determine the number of tablets the retailer would have to
sell to maximize revenue. What is the maximum revenue?
3. Determine...

find the minimum cost of producing 50,000 units of a product, where
X is the number of units labor ( at 84$ per unit) and y is the
number of units of capital ( at 72$ per unit)
P(x) = 100(x^0.6)(y^0.4)

Suppose a company has fixed costs of $48,000 and variable cost
per unit of
2/5x + 444 dollars,
where x is the total number of units produced. Suppose
further that the selling price of its product is
2468 −3/5x dollars per unit.
(a) Find the break-even points. (Enter your answers as a
comma-separated list.)
x =
(b) Find the maximum revenue. (Round your answer to the nearest
cent.)
$
(c) Form the profit function P(x) from the cost
and...

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