Total revenue is in dollars and x is the number of units. time left... 7:43:29 Suppose...
DETAILS HARMATHAPBR1 9.9.008. Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the total revenue function for a product is R(x) = 55x and that the total cost function is c(X) - 1700 + 35x + 0.01x2. (a) Find the profit from the production and sale of 500 units. $ (b) Find the marginal profit function. (c) Find MP at x = 500. on the sale of the next (501st) unit. Explain what...
need help with #13 please and thank you 13. DETAILS HARMATHAPBR1 9.9.008. Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the total revenue function for a product is R(x) - 55x and that the total cost function is c(*) - 2000 + 35x + 0.01x? (a) Find the profit from the production and sale of 500 units. $ (b) Find the marginal profit function. (c) Find MP at x = 500. Explain...
24. [-17 Points] DETAILS HARMATHAP12 9.9.027. MY NOTES PRACTICE ANOTHER Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the total revenue function for a product is R(x) - S0x and that the total cost function is C[x) - 2200 + 30x + 0.01x2 (a) Find the profit from the production and sale of 500 units. $ (b) Find the marginal profit function, (c) Find MP at x = 500 MP- Explain what...
Like for correct answer Cost, revenue, and profit are in dollars and x is the number of units Suppose that the marginal revenue for a product is MR 2400 and the marginal cest is C: 60y4, wth a fnixed cost ef $00 Govx4, with a fixed cast or $300. (a) Find the profit or loss from the production and sale of S units There is aSelect (b) How many units will result in a maximum proft? units Cost, revenue, and...
linear revenue function is R = 34x. (Assume R is measured in dollars.) (a) What is the slope m? m = (b) What is the marginal revenue MR? MR = What does the marginal revenue mean? 0 If the number of units sold is increased by this amount, the revenue decreases by O If the number of units sold is increased by this amount, the revenue increases by O Each additional unit sold decreases the revenue by this many dollars....
The total revenue R (in dollars) is directly proportional to the number of units sold x. When 25 units are sold, the total revenue is $275. Find a mathematical model that relates the total revenue R to the number of units sold x
The revenue (in thousands of dollars) from producing x units of an item is modeled by R(x) = 10x -0.005% a. Find the average rate of change in revenue as x changes from 1003 to 1007 b. Find the marginal revenue at x=600. a. The average rate of change in revenue is dollars per unit. (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The marginal revenue is dollars per unit. (Do not...
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...
Wing uncoon, represents total revenue and is a function of the number of units sold. Find the marginal revenue function and the marginal revenue for the indicated values of r=2454 +4542 -34q=10, 15, q=20 The marginal revenue function is (Type an expression using as the variable)
1)A linear cost function is C(x) = 6x + 450. (Assume C is measured in dollars.) (a) What are the slope and the C-intercept? slope C-intercept (b) What is the marginal cost MC ? MC= What does the marginal cost mean? Each additional unit produced costs this much (in dollars). If production is increased by this many units, the cost decreases by $1. Each additional unit produced reduces the cost by this much (in dollars). If production is increased...