Question

The demand function for x items of a certain product is given by the following function p(x) = 37 - 0.02x. Find the following:

a) The revenue function, R(x).

b) The revenue from selling 30 items. **Place a $ in your
answer and ro****und answer to 2 decimal places, if
needed.**

c) The marginal revenue for 30 items. **Place a $ in your
answer and ro****und answer to 2 decimal places, if
needed.**

Answer #1

1. Determine the producer's surplus for the
given supply function and demand level x. (Round your answer to two
decimal places.) s(x) = 0.07x2 + 30; x = 100
2. The price-demand function p is
given. Write the demand function x = d(p).
p = 500/x^2 + 60
x= d(p) = _____.

The demand for cat food is given by
D(x)=110e^−0.02x
where x is the number of units sold and D(x) is the price in
dollars.
Find the revenue function.
R(x)=
Find the number of units sold that will maximize the revenue.
Select an answer units or dollars
Find the price that will yield the maximum revenue.
Select an answer units or dollars

The demand function for a certain make of replacement cartridges
for a water purifier is given by the following equation where p is
the unit price in dollars and x is the quantity demanded each week,
measured in units of a thousand. p = -0.01x^2 - 0.1 x + 48
Determine the consumers' surplus if the market price is set at
$6/cartridge. (Round your answer to two decimal places.)

Let
Q(p) be the demand function for a certain product, where p is
price. If R is a function of p for the total revenue, (dR)/(dp)
MR=
Your answer should be In terms of Q and E

For a quantity x of a certain product the demand function d(x)
and the supply function s(x) are given by the formulas: d(x) = 720
− 0.06x^2, s(x) = 0.012x^2.
Sketch the graphs of these functions on the same graph and find
the market demand, the positive quantity x at which the two curves
meet (supply equals demand).
For this value of x also compute the producer surplus and the
consumer surplus and indicate on your graph which areas these...

The demand function for a certain make of replacement cartridges
for a water purifier is given by the following equation where
p is the unit price in dollars and x is the
quantity demanded each week, measured in units of a thousand.
p = −0.01x2 −
0.3x + 41
Determine the consumers' surplus if the market price is set at
$1/cartridge. (Round your answer to two decimal places.)

The demand function for a certain brand of CD is given by
p = −0.01x2 −
0.1x + 36
where p is the wholesale unit price in dollars and
x is the quantity demanded each week, measured in units of
a thousand. Determine the consumers' surplus if the market price is
set at $6/disc. (Round your answer to two decimal places.)

Consumers' Surplus The demand function for a
certain make of replacement cartridges for a water purifier is
given by the following equation where p is the unit price in
dollars and x is the quantity demanded each week, measured in units
of a thousand.
p = −0.01x^2 − 0.2x + 30
Determine the consumers' surplus if the market price is set at
$6/cartridge. (Round your answer to two decimal places.)

1. Find the consumer surplus for the given demand function and
sales level. (Round your answer to the nearest integer.)
p =
18,000e−0.03q, 49
$ 36.015 < ---- wrong answer
.
2. Find the consumer surplus for the given demand function and
sales level. (Round your answer to two decimal places.)
p = 60 − 3.7 square root q, 100
$ _______
.
3. A demand curve is given by p = 490/(q + 5). Find
the consumer surplus when the selling...

The revenue equation (in hundreds of millions of dollars) for
barley production in a certain country is approximated by
R(x)=0.0726x^2+1.4468x+2.1078 where x is in hundreds of millions of
bushels. Find the marginal-revenue equation and use it to find the
marginal revenue for the production of the given number of
bushels.
(a) The marginal-revenue equation is R(x)=___ (Round to four
decimal places as needed.)
(b) Find the marginal revenue for the production of 400,000,000
bushels. The marginal revenue is ___ hundred...

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