Homework Answers
We are asked the range of values of Q for which revenue function is increasing i.e. for what values of Q will revenue increase when Q increases. A function is increasing when the slope of the function is greater than zero and decreasing when the slope is less than zero. Hence to find out where the revenue function is increasing in Q , we need to find out at what range of Q will the slope of revenue function be greater than zero. Hence the greater than sign.
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can you explain how they got Q> 4
i understand how they got 4 but not...
can you please write out all steps needed thank you 8. You face a revenue function: TR(Q) = 12 +8Q- Q'. For what v...
can you please write out all steps needed
thank you
8. You face a revenue function: TR(Q) = 12 +8Q- Q'. For what values of Q will your revenues increase? a. b. Where is your revenue maximized? 5, what is the slope of your revenue function? At Q с.
price =18 I do not understand how to get the TFC and the TVC, can you...
price =18
I do not understand how to get the TFC and the TVC, can you
please show me step ny step on how you get those two. Thank
you
Also would 30 be the TFC even with a different price?
Q TR MR TC MC TFC TVC Profit 30 1 40 2 48 3 54 4 62
Derivation and Plots of Demand, Marginal Revenue, and Revenue Curves Name Due (worth 50 points) The...
Derivation and Plots of Demand, Marginal Revenue, and Revenue Curves Name Due (worth 50 points) The equation below represents a linear demand curve. Use the grid (right) for your plots. Write all derivations in the space below. 1) Plot the demand function on the top set of axes. Q = 40000-100P, 2) The price function is the inverse of the demand function. Write this inverse below. to 3) Use the price function to obtain the total revenue function (TR). Write...
Can you explain how you got answer so I will understand for future Which logarithmic graph...
Can you explain how you got answer so I will understand for
future
Which logarithmic graph can be used to approximate the value of y in the equation 4y 8 -10-8 68 10 10 -10-8 10
The equation below represents a linear demand curve. Use the grid (right) for your plots. Write...
The equation below represents a linear demand curve. Use the grid (right) for your plots. Write all derivations in the space below. l) Plot the demand function on the top set of axes. Your demand function is: Qx = 60000 - 100Px l) Plot the demand function on the top set of axes. 2) The price function is the inverse of the demand function. Write this inverse below. 3) Use the price function to obtain the total revenue function (TR)....
I understand this question is very long, but please only answer if you can complete all...
I understand this question is very long, but please only answer if you can complete all of it. When I posted it the first time I received a-d, which I am including below. I am not sure if they are correct. Thank you so much in advance!! Suppose a short-run production function is described as Q = 30L - 0.05L2 where L is the number of labors used each hour. Derive the equation for Marginal Product of labor (MPL): ...
The equation below represents a linear demand curve. Use the grid (right) for your plots. Write...
The equation below represents a linear demand curve. Use the grid (right) for your plots. Write all derivations in the space below. 1) Plot the demand function on the top set of axes. Qy = 15000 – 200P, 2) The price function is the inverse of the demand function. Write this inverse below. 3) Use the price function to obtain the total revenue function (TR). Write the TR function below. You will plot TR on the lower set of axes...
Question 3-4 SESSION 13 The marginal revenue is the rate of change in total revenue per...
Question 3-4
SESSION 13 The marginal revenue is the rate of change in total revenue per unit increase in output, Q The marginal cost is the rate of change in total cost per unit increase in output, Q AR is defined as average revenue per unit for the first Q su ccessive units sold. AR is determined by dividing total reven ue by the quantity sold, Q The AR function is equal to price, P. where Pis given by the...
I need some help with this. et cred 1. Word Sign in References Mailings Review View...
I need some help with this.
et cred 1. Word Sign in References Mailings Review View Help Tell me what you want to do S Shani Optimization Questions 1. You've been hired by Nielsen Company to study the market for potatoes. Demand in the potato market is characterized by the demand function QQdd 25-12 PP. Where Pis the market price of a potato and Odd is the quantity of potatoes demanded. The marginal revenue of the fifth potato produced is...
Giw do you get the numbers I put a box around. i don't understand how you got those functions.
giw do you get the numbers I put a box around. i don't
understand how you got those functions.
LT EDENCE 74 Example 7.9. Mr. and Mrs. Smith agree to mect at a specifiedl loen p.. Assme that they both arrive there at a rancdoni time betwren arrivals are independeut. (a) Find the density for the timformation the other. (b) Mrs. Smith later tells probability that Mr. Smith arrived before 5:30. tion "betwee 5 and 6 and that their you...
can you please write out all steps needed
thank you
8. You face a revenue function: TR(Q) = 12 +8Q- Q'. For what values of Q will your revenues increase? a. b. Where is your revenue maximized? 5, what is the slope of your revenue function? At Q с.
price =18
I do not understand how to get the TFC and the TVC, can you
please show me step ny step on how you get those two. Thank
you
Also would 30 be the TFC even with a different price?
Q TR MR TC MC TFC TVC Profit 30 1 40 2 48 3 54 4 62
Derivation and Plots of Demand, Marginal Revenue, and Revenue Curves Name Due (worth 50 points) The equation below represents a linear demand curve. Use the grid (right) for your plots. Write all derivations in the space below. 1) Plot the demand function on the top set of axes. Q = 40000-100P, 2) The price function is the inverse of the demand function. Write this inverse below. to 3) Use the price function to obtain the total revenue function (TR). Write...
Can you explain how you got answer so I will understand for
future
Which logarithmic graph can be used to approximate the value of y in the equation 4y 8 -10-8 68 10 10 -10-8 10
The equation below represents a linear demand curve. Use the grid (right) for your plots. Write all derivations in the space below. 1) Plot the demand function on the top set of axes. Qy = 15000 – 200P, 2) The price function is the inverse of the demand function. Write this inverse below. 3) Use the price function to obtain the total revenue function (TR). Write the TR function below. You will plot TR on the lower set of axes...
Question 3-4
SESSION 13 The marginal revenue is the rate of change in total revenue per unit increase in output, Q The marginal cost is the rate of change in total cost per unit increase in output, Q AR is defined as average revenue per unit for the first Q su ccessive units sold. AR is determined by dividing total reven ue by the quantity sold, Q The AR function is equal to price, P. where Pis given by the...
I need some help with this.
et cred 1. Word Sign in References Mailings Review View Help Tell me what you want to do S Shani Optimization Questions 1. You've been hired by Nielsen Company to study the market for potatoes. Demand in the potato market is characterized by the demand function QQdd 25-12 PP. Where Pis the market price of a potato and Odd is the quantity of potatoes demanded. The marginal revenue of the fifth potato produced is...
giw do you get the numbers I put a box around. i don't
understand how you got those functions.
LT EDENCE 74 Example 7.9. Mr. and Mrs. Smith agree to mect at a specifiedl loen p.. Assme that they both arrive there at a rancdoni time betwren arrivals are independeut. (a) Find the density for the timformation the other. (b) Mrs. Smith later tells probability that Mr. Smith arrived before 5:30. tion "betwee 5 and 6 and that their you...
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