Question

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.
Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

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...
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)...
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,...
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
1. Suppose you’re given the following: a) the demand equation p for a product, which is...
1. Suppose you’re given the following: a) the demand equation p for a product, which is the price in dollars, and x is the quantity demanded b) C(x), which is the cost function to produce that product c) x ranges from 0 to n units Q. Describe briefly how you would maximize the profit function P(x), the level of production that will yield a maximum profit for this manufacturer.
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 short term demand for a product can be approximated by q=D(p)=175(100−p2) where p represents the...
The short term demand for a product can be approximated by q=D(p)=175(100−p2) where p represents the price of the product, in dollars, and q is the quantity demanded. (a) Determine the elasticity function. E(p)= _______ equation editorEquation Editor (b) Use the elasticity of demand to find the price which maximizes revenue for this product p= ______ equation editorEquation Editor dollars. Round to two decimal places.
The demand for a particular commodity when sold at a price of p dollars is given...
The demand for a particular commodity when sold at a price of p dollars is given by the function D(p) = 4000e −0.02p . (a) Find the price elasticity of demand function and determine the values of p for which the demand is elastic, inelastic, and of unitary elasticity. (b) If the price is increased by 3% from $12, what is the approximate effect on demand? (c) Find the revenue R(p) obtained by selling q units at p dollars per...
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
The consumer demand equation for tissues is given by q = (96 − p)2, where p...
The consumer demand equation for tissues is given by q = (96 − p)2, where p is the price per case of tissues and q is the demand in weekly sales. (a) Determine the price elasticity of demand E when the price is set at $31. (Round your answer to three decimal places.) E = Interpret your answer. The demand is going by % per 1% increase in price at that price level. (b) At what price should tissues be...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT