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Graphs of the cost C(x), revenue R(x) and the profit P(x), in thousands of dollars, are...
41. Revenue and Marginal Revenue Let R(x) denote the revenue (in thousands of dollars) generated from...
41. Revenue and Marginal Revenue Let R(x) denote the revenue (in thousands of dollars) generated from the production of x units of computer chips per day, where each unit consists of 100 chips. =X (a) Represent the following statement by equations involving R or R': When 1200 chips are produced per day, the rev- enue is $22,000 and the marginal revenue is $.75 per chip. (b) If the marginal cost of producing 1200 chips is $1.5 per chip, what is...
41. Revenue and Marginal Revenue Let R(x) denote the revenue (in thousands of dollars) generated from...
41. Revenue and Marginal Revenue Let R(x) denote the revenue (in thousands of dollars) generated from the production of x units of computer chips per day, where each unit consists of 100 chips. (a) Represent the following statement by equations involving R or R': When 1200 chips are produced per day, the rev- enue is $22,000 and the marginal revenue is $.75 per chip. (b) If the marginal cost of producing 1200 chips is $1.5 per chip, what is the...
Let R(x), C(x), and P(x) be, respectively, the revenue, cost, and profit, in dollars, from the...
Let R(x), C(x), and P(x) be, respectively, the revenue, cost, and profit, in dollars, from the production and sale of x items. If R(x) = 5x and C(x) = 0.004x2 + 1.1x + 70, find each of the following. a) P(x) b) R(100), C(100), and P(100) c) R'(x), C'(x), and P'(x) d) R' (100), C'(100), and P'(100) a) P(x) = (Use integers or decimals for any numbers in the expression.) b) R(100) = $ (Type an integer or a decimal.)...
SRII DU 1.56 The figure on the right shows the graphs of the cost and revenue...
SRII DU 1.56 The figure on the right shows the graphs of the cost and revenue functions for a company that manufactures and sells small radios. More than how many radios must be produced and sold for the company to have a profit? 90,000 35,000 30,000 radios to have a profit. The company needs to produce and sell more than (Type a whole number.) 25,000 -C(X) = 12,000+ 15x 20,000 15,000 10,000 5,000 0 + 0 R(x) = 45% 100...
The graphs of the revenue and cost functions for the production and sale of z units are shown bel...
The graphs of the revenue and cost functions for the production and sale of z units are shown below. The cost function is the straight line, and the revenue function is the curve. 77000 70000 63000 56000 49000 42000 35000 28000 21000 14000 0 0 100200 300 400 500 600 700 800 900 1000 1100 1200 a. Use the graph to estimate the production level z that maximizes profit. Use only values that appear on the horizontal axis for your...
The annual cost C (in thousands of dollars) and revenue R (in thousands of dollars) for a company each year from 2...
The annual cost C (in thousands of dollars) and revenue R (in thousands of dollars) for a company each year from 2010 through 2016 can be approximated by the models C 254-9r1.1 and R343+3.4t where t is the year, with t 10 corresponding to 2010. (a) Write a function P that represents the annual profit of the company P) (b) Use a graphing utility to graph C. R, and P in the same viewing window ft) ft) 400 400 300...
AQ2 Data Units [x] Cost [C] Rev [R] Profit [P] 100 260000 47500 -212500 250 275000...
AQ2 Data Units [x] Cost [C] Rev [R] Profit [P] 100 260000 47500 -212500 250 275000 109375 -165625 500 300000 187500 -112500 800 330000 240000 -90000 1000 350000 250000 -100000 1200 370000 240000 -130000 1300 380000 227500 -152500 As your Division’s Chief economist, you perform a periodic review of the current total Cost "C", Revenue "R" and Profit "P" models associated with one of the Division's newest, but possibly underperforming, product lines. Among other important questions, you would like answers...
To produce x units of a religious medal costs C(x)- 15x +77. The revenue is R(x)-26x....
To produce x units of a religious medal costs C(x)- 15x +77. The revenue is R(x)-26x. Both cost and revenue are in dollars. a. Find the break-even quantity b. Find the profit from 250 units c. Find the number of units that must be produced for a profit of $110 a.units is the break-even quantity. (Type an integer)
1 Point Based on market research, a company has found that its sales revenue is calculated...
1 Point Based on market research, a company has found that its sales revenue is calculated from its advertising, based on the formula, R(x,y) = 32002 + 4xy + y2 where z is the amount of money spent on newspaper ads, and y is the amount spent on radio commercials. If the company has $2000 in its advertising budget how should the budget be allocated to maximize their sales revenue? O (z,y) = (1100,900) achieves maximum revenue. O (z,y) =...
DETAILS HARMATHAPBR1 9.9.008. Cost, revenue, and profit are in dollars and x is the number of...
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...
41. Revenue and Marginal Revenue Let R(x) denote the revenue (in thousands of dollars) generated from the production of x units of computer chips per day, where each unit consists of 100 chips. =X (a) Represent the following statement by equations involving R or R': When 1200 chips are produced per day, the rev- enue is $22,000 and the marginal revenue is $.75 per chip. (b) If the marginal cost of producing 1200 chips is $1.5 per chip, what is...
41. Revenue and Marginal Revenue Let R(x) denote the revenue (in thousands of dollars) generated from the production of x units of computer chips per day, where each unit consists of 100 chips. (a) Represent the following statement by equations involving R or R': When 1200 chips are produced per day, the rev- enue is $22,000 and the marginal revenue is $.75 per chip. (b) If the marginal cost of producing 1200 chips is $1.5 per chip, what is the...
Let R(x), C(x), and P(x) be, respectively, the revenue, cost, and profit, in dollars, from the production and sale of x items. If R(x) = 5x and C(x) = 0.004x2 + 1.1x + 70, find each of the following. a) P(x) b) R(100), C(100), and P(100) c) R'(x), C'(x), and P'(x) d) R' (100), C'(100), and P'(100) a) P(x) = (Use integers or decimals for any numbers in the expression.) b) R(100) = $ (Type an integer or a decimal.)...
SRII DU 1.56 The figure on the right shows the graphs of the cost and revenue functions for a company that manufactures and sells small radios. More than how many radios must be produced and sold for the company to have a profit? 90,000 35,000 30,000 radios to have a profit. The company needs to produce and sell more than (Type a whole number.) 25,000 -C(X) = 12,000+ 15x 20,000 15,000 10,000 5,000 0 + 0 R(x) = 45% 100...
The graphs of the revenue and cost functions for the production and sale of z units are shown below. The cost function is the straight line, and the revenue function is the curve. 77000 70000 63000 56000 49000 42000 35000 28000 21000 14000 0 0 100200 300 400 500 600 700 800 900 1000 1100 1200 a. Use the graph to estimate the production level z that maximizes profit. Use only values that appear on the horizontal axis for your...
The annual cost C (in thousands of dollars) and revenue R (in thousands of dollars) for a company each year from 2010 through 2016 can be approximated by the models C 254-9r1.1 and R343+3.4t where t is the year, with t 10 corresponding to 2010. (a) Write a function P that represents the annual profit of the company P) (b) Use a graphing utility to graph C. R, and P in the same viewing window ft) ft) 400 400 300...
To produce x units of a religious medal costs C(x)- 15x +77. The revenue is R(x)-26x. Both cost and revenue are in dollars. a. Find the break-even quantity b. Find the profit from 250 units c. Find the number of units that must be produced for a profit of $110 a.units is the break-even quantity. (Type an integer)
1 Point Based on market research, a company has found that its sales revenue is calculated from its advertising, based on the formula, R(x,y) = 32002 + 4xy + y2 where z is the amount of money spent on newspaper ads, and y is the amount spent on radio commercials. If the company has $2000 in its advertising budget how should the budget be allocated to maximize their sales revenue? O (z,y) = (1100,900) achieves maximum revenue. O (z,y) =...
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...
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