Question

IV. Verbal problem The ACME co-company plans to market the Electro-XXX. The marketing department has developed...

IV. Verbal problem

The ACME co-company plans to market the Electro-XXX. The marketing department has developed the following equations.

a.Find Equation for Profit (Income R (x)) from the next marginal profit equation. Assume constant C=$2,000
R'(x) = -0.04x+800

b. Find the Cost equation from the following marginal cost equation. Assume fixed costs of $ 1,000
C'(x) = 0.02x+400

c. Determine the equation for total profit (Profit P (x)). re.

d. For the manufacturing of x=800 what will be the total profit?

Homework Answers

Answer #1

This is the proper solution of your question.

If you have any doubt regarding this question you can ask me in the comment section.

Thank you.

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
Project Details The Acme Gadget Company designs and manufactures consumer gadgets. Last year, Acme began development...
Project Details The Acme Gadget Company designs and manufactures consumer gadgets. Last year, Acme began development of three prototype gadgets with the intention of bringing all three to market. However, a recent downturn in the economy has forced Acme to reconsider due to decreased consumer demand that is projected to remain low for 2-3 years. As such, Acme will bring only one of the prototypes to market. They’ve hired a consulting firm to advise which prototype to bring to market....
2.4 Journal Entries Illini Company, Inc. Balance Sheet as of 12/31/20X0 Assets Current Assets: Cash 1,500,000...
2.4 Journal Entries Illini Company, Inc. Balance Sheet as of 12/31/20X0 Assets Current Assets: Cash 1,500,000 Accounts receivable, net 18,000 Inventory 50,000 Total current assets 1,568,000 Equipment 90,000 Goodwill 20,000 Total assets 1,678,000 Liabilities and shareholders' equity Shareholders' equity: Common stock, 20,000 shares outstanding, $1 par 20,000 Additional paid-in capital 280,000 Retained earnings 1,378,000 Total shareholders' equity 1,678,000 Total liabilities and shareholders' equity 1,678,000 Note that all additional paid-in capital (APIC) sub accounts (e.g., APIC-options and APIC-treasury stock), if any,...
Pandora is the Internet’s most successful subscription radio service. As of June 2013, it had over...
Pandora is the Internet’s most successful subscription radio service. As of June 2013, it had over 200 million registered users (140 million of which access the service via a mobile device) and over 70 million active listeners. Pandora now accounts for more than 70% of all Internet radio listening hours and a 7% share of total U.S. radio listening (both traditional and Internet). At Pandora, users select a genre of music based on a favorite musician, and a computer algorithm...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT