Question

1.
Find the equation of the line going through (2, -1) and (3,7)

2. Anvils are produced with fixed cost of $20,000. Variable
cost for each anvil are 10$. If company sells q units , the revenue
is given by R(q)=15q What is the profit the make by selling 10,000
anvils?

Answer #1

1)

we have

the slope of the line is,

the equation of line is,

2)

from the given data,

the total cost function,

the profit function,

put x = 10000,

Write an equation in slope- intercept form for the line that passes
through (1,-2) and (3,7).

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BQ=1000+15Q-3Q2
AND CQ=500+15Q
Find the following:
Total Net Benefit
Marginal Benefit
Marginal Cost
Marginal Net Benefit
Fixed Cost
Variable Cost
Solve for:
Marginal Benefit at Q=5
Marginal Net Benefit at Q=5
How much should the firm produce to maximize total net
benefit?
2. Given the following
equations:TR(X)=60+10X-2X2 AND
CQ=20+9X
Find the following:
Profit
Marginal Revenue
Marginal Cost
Marginal Profit
Fixed Cost
Variable Cost
Solve for:
Total Revenue at X=10
Marginal Revenue at X=10
Total Cost...

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a.at Q=2, how much the revenue and the profit ?
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Find an equation of the line that satisfies the given
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The wholesale price of a widget is $p dollars. The widget sells
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