Question

A manufacturer’s marginal revenue is ? (?) = 20? 2 + 2.5? dollars per unit when...

A manufacturer’s marginal revenue is ? (?) = 20? 2 + 2.5? dollars per unit when the level of production is ? units. If the manufacturer’s revenue is $700 when the level of production is 16 units, what is the revenue, ?(?) when the level of production is 25 units?

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
When production is 4300, marginal revenue is 3.5 dollars per unit and marginal cost is 3.25...
When production is 4300, marginal revenue is 3.5 dollars per unit and marginal cost is 3.25 dollars per unit. Do you expect maximum profit to occur at a production level above or below 4300? equation editor Equation Editor (Enter above or below.) If production is increased by 70 units, what would you estimate the change in profit would be? dπ≈ equation editor Equation Editor dollars
The marginal cost is given by 2( 3q - 1)3 dollars per unit, where q is...
The marginal cost is given by 2( 3q - 1)3 dollars per unit, where q is the level of the production. By how much will the cost increase if the level of the production is increased from 1 to 10 units
Marginal Revenue for Producing Loudspeakers The management of Acrosonic plans to market the ElectroStat, an electrostatic...
Marginal Revenue for Producing Loudspeakers The management of Acrosonic plans to market the ElectroStat, an electrostatic speaker system. The marketing department has determined that the demand for these speakers is represented by the following function, where p denotes the speaker's unit price (in dollars) and x denotes the quantity demanded. Find the following functions (in dollars), find the value (in dollars) and interpret your results. p = −0.01x + 700      (0 ≤ x ≤ 20,000) (a) Find the revenue function R....
At a certain factory, the marginal cost is 3(q - 4)2 dollars when the level of...
At a certain factory, the marginal cost is 3(q - 4)2 dollars when the level of production is q units. By how much will the total manufacturing cost increase if the level of production is rised from 6 units to 10 units?
Marginal Revenue Product and Demand Units of Variable Factor Total Products 0 0 1 20 2...
Marginal Revenue Product and Demand Units of Variable Factor Total Products 0 0 1 20 2 50 3 90 4 120 5 140 6 150 7 150 8 140 Reference: Ref 12-1 (Exhibit: Marginal Revenue Product and Demand) If the product price is $2 per unit and the price of the factor of production is $1080 per unit, the profit-maximizing quantity of the factor is _______ units. a. 6 b. 2 c. 0 d. 4
A company's revenue from selling x units of an item is given as R=1900x−2x^2. If sales...
A company's revenue from selling x units of an item is given as R=1900x−2x^2. If sales are increasing at the rate of 50 units per day, how rapidly is revenue increasing (in dollars per day) when 360 units have been sold? ? dollars per day The cost of producing x units of stuffed alligator toys is C(x)=0.002x^2+7x+5000. Find the marginal cost at the production level of 1000 units. ? dollars/unit Suppose a product's revenue function is given by R(q)=−7q^2+600q ,...
The marginal cost of producing the remarkable Apple iPad Pro is ?′(?)=3?2−16?+32 million dollars when producing...
The marginal cost of producing the remarkable Apple iPad Pro is ?′(?)=3?2−16?+32 million dollars when producing ?  million units. By how much will the total manufacturing cost increase if the level of production is raised from 1 million to 3 million units?
The marginal cost C′(q) (in dollars per unit) of producing q units is given in the...
The marginal cost C′(q) (in dollars per unit) of producing q units is given in the following table. q 0 100 200 300 400 500 600 C′(q) 26 22 20 26 33 38 46 Round your answers to the nearest integers. (a) If fixed cost is $17,000, estimate the total cost of producing 400 units. The cost of producing 400 units is: (b) To the nearest dollar, how much would the total cost increase if production were increased one unit,...
Total revenue is in dollars and x is the number of units. Suppose that the total...
Total revenue is in dollars and x is the number of units. Suppose that the total revenue function for a commodity is R = 81x − 0.02x2. (a) Find R(100). $ Tell what it represents. The actual revenue of the 100th unit is this amount. The revenue decreases by about this amount when the number of units is increased from 100 to 101.     100 units produce this amount of revenue. 101 units produce this amount of revenue. The revenue increases...
26. The marginal cost for a product is: MC = 3X +20; its; marginal revenue is...
26. The marginal cost for a product is: MC = 3X +20; its; marginal revenue is              MR = 44 - 5x. The cost of production of 80 units is 11,400. Find the optimal level of production X. Find the Profit Function. Find the Profit or Loss at the optimal level x.