Question

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?

Answer #1

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?
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(Enter above or below.)
If production is increased by 70 units, what would you estimate
the change in profit would be?
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dollars

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 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 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
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 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
? 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 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 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
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.

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