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The price-demand and cost functions...
(1 point) The price-demand and cost functions for the production of microwaves are given as P=240-...
(1 point) The price-demand and cost functions for the production of microwaves are given as P=240- C(x) = 46000 + 40., is the number of microwaves that can be sold at a price of p dollars per unit and C where units. ) is the total cost (in dollars) of producing (A) Find the marginal cost as a function of C'(x) = (B) Find the revenue function in terms R(x) = (C) Find the marginal revenue function in terms of...
A company decides to begin making and selling computers. The price function is given as follows:...
A company decides to begin making and selling computers. The price function is given as follows: p=−35x+2300, where xx is the number of computers that can be sold at a price of pp dollars per unit. Additionally, the financial department has determined that the weekly fixed cost of production will be 3000 dollars with an additional cost of 150 dollars per unit. (A) Find the revenue function in terms of x. R(x)= equation editor Equation Editor (B) Use the financial...
Please solve all of them. 7. The revenue function for a product is given by 60x2...
Please solve all of them.
7. The revenue function for a product is given by 60x2 R(x) = 2x+1 a. Find the marginal revenue function The price of a product in a competitive market is $300. The cost per unit of producing the product is 160 + 0.1% dollars, where x is the number of units produced per month a. Find the marginal cost function. b. Find the marginal revenue function b. Find MR(100) and interpret your results. c. Find...
please do all three parts:)thanks a ton Cost, revenue, and profit are in dollars and x...
please do all three
parts:)thanks a ton
Cost, revenue, and profit are in dollars and x is the number of units. The average cost of a product changes at the rate C'(x) = -8x-2 + and the average cost of 8 units is $12.00. (a) Find the average cost function. T(X) = (b) Find the average cost of 16 units. (Round your answer to the nearest cent.) Cost, revenue, and profit are in dollars and x is the number of...
2. Suppose the demand function relating demand and price is given by pix)- 50-0.005x. The total...
2. Suppose the demand function relating demand and price is given by pix)- 50-0.005x. The total cost of making x units is given by C )-0.00001 x3-0,033 x2+48x+5,000 a) Find the revenue function R(x). b) Find the profit function P(x). c) How many units must be made and sold to maximize profit? Verify that you have found the maximum using d) e) f) the first derivative test. What is the maximum profit? What are the marginal cost, marginal revenue and...
please help explain how to work these problems, Suppose a product's revenue function is given by...
please help explain how to work these problems,
Suppose a product's revenue function is given by R(q) = – 8q2 + 800q, where R(q) is in dollars and q is the number of units sold. Use the marginal revenue function to find the approximate revenue generated by selling the 39th unit. Marginal revenue = -624 ]* Preview dollars per unit Suppose a product's cost function is given by C(q) = -4q2 + 6000, where C(q) is in dollars and q...
The total-cost, C(x), and total revenue, R(x), functions for producing x items are shown below, where...
The total-cost, C(x), and total revenue, R(x), functions for producing x items are shown below, where 0 SXS 800 C(x) = 5900 + 100x and R(x) = - + 600X a) Find the total-profit function P(x). b) Find the number of items, x, for which the total profit is a maximum a) P(x) = b) The profit is maximized for a production of units
Financial Mathematics Please answer question 4 and question 5 o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Fi...
Financial Mathematics
Please answer question 4 and question 5
o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Find the marginal cost when the production level is 100 units. (b) Use the marginal cost to approximate the cost of producing the 101 st unit. (c) Find the exact cost of producing the 101 st unit. (d) Assuming that the commodity is...
ur college newspapes, The Collegiate Investigator, sells for 90 per copy. The cost of producing x...
ur college newspapes, The Collegiate Investigator, sells for 90 per copy. The cost of producing x copies of an edition is given by C(x) 60+0.10x+0.001x2 dollars. (a) Calculate the marginal revenue R(x) and profit P(x) functions. HINT [See Example 2.) P(x) (b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies of the latest edition. profit marginal revenue marginal profit per additional copy per additional copy Interpret the results....
(1 point) The price-demand and cost functions for the production of microwaves are given as P=240- C(x) = 46000 + 40., is the number of microwaves that can be sold at a price of p dollars per unit and C where units. ) is the total cost (in dollars) of producing (A) Find the marginal cost as a function of C'(x) = (B) Find the revenue function in terms R(x) = (C) Find the marginal revenue function in terms of...
Please solve all of them.
7. The revenue function for a product is given by 60x2 R(x) = 2x+1 a. Find the marginal revenue function The price of a product in a competitive market is $300. The cost per unit of producing the product is 160 + 0.1% dollars, where x is the number of units produced per month a. Find the marginal cost function. b. Find the marginal revenue function b. Find MR(100) and interpret your results. c. Find...
please do all three
parts:)thanks a ton
Cost, revenue, and profit are in dollars and x is the number of units. The average cost of a product changes at the rate C'(x) = -8x-2 + and the average cost of 8 units is $12.00. (a) Find the average cost function. T(X) = (b) Find the average cost of 16 units. (Round your answer to the nearest cent.) Cost, revenue, and profit are in dollars and x is the number of...
2. Suppose the demand function relating demand and price is given by pix)- 50-0.005x. The total cost of making x units is given by C )-0.00001 x3-0,033 x2+48x+5,000 a) Find the revenue function R(x). b) Find the profit function P(x). c) How many units must be made and sold to maximize profit? Verify that you have found the maximum using d) e) f) the first derivative test. What is the maximum profit? What are the marginal cost, marginal revenue and...
please help explain how to work these problems,
Suppose a product's revenue function is given by R(q) = – 8q2 + 800q, where R(q) is in dollars and q is the number of units sold. Use the marginal revenue function to find the approximate revenue generated by selling the 39th unit. Marginal revenue = -624 ]* Preview dollars per unit Suppose a product's cost function is given by C(q) = -4q2 + 6000, where C(q) is in dollars and q...
The total-cost, C(x), and total revenue, R(x), functions for producing x items are shown below, where 0 SXS 800 C(x) = 5900 + 100x and R(x) = - + 600X a) Find the total-profit function P(x). b) Find the number of items, x, for which the total profit is a maximum a) P(x) = b) The profit is maximized for a production of units
Financial Mathematics
Please answer question 4 and question 5
o)23:30 Oe Image Edit View Go Help En Question 4 The total cost of producing x units of a commodity per week is C(x) 200 +4x +0,1x2 (a) Find the marginal cost when the production level is 100 units. (b) Use the marginal cost to approximate the cost of producing the 101 st unit. (c) Find the exact cost of producing the 101 st unit. (d) Assuming that the commodity is...
ur college newspapes, The Collegiate Investigator, sells for 90 per copy. The cost of producing x copies of an edition is given by C(x) 60+0.10x+0.001x2 dollars. (a) Calculate the marginal revenue R(x) and profit P(x) functions. HINT [See Example 2.) P(x) (b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies of the latest edition. profit marginal revenue marginal profit per additional copy per additional copy Interpret the results....
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