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In this problem, p is the price per unit in dollars and is the number of...
2. (-/2 Points] DETAILS HARMATHAP12 11.5.015. In this problem, p is the price per unit in...
2. (-/2 Points] DETAILS HARMATHAP12 11.5.015. In this problem, p is the price per unit in dollars and is the number of units If the weekly demand function is p 52-9 and the supply function before taxation is p = 16 50, what tax per item will maximize the total revenue? $ Item Need Help? Watch Talk to a Tutor 3. [-/2 Points) DETAILS HARMATHAP12 11.5.019.MI. In this problem, p is the price per unit in dollars and is the...
14) The demand equation for a monopolist's product is p = 200 - 0.989, where p is the price per unit (in dollars) of pr...
14) The demand equation for a monopolist's product is p = 200 - 0.989, where p is the price per unit (in dollars) of producing q units. If the total cost c (in dollars) of producing 8 units is given by c= 0.02q2 + 2q + 8000, find the level of production at which profit is maximized. 15) The demand function for a monopolist's product is p = 100 – 39, where p is the price per unit (in dollars)...
4) If the demand function for a fixed period of time is p = 2100 –...
4) If the demand function for a fixed period of time is p = 2100 – 39 and the supply function before taxation is p=300 +1.5q, what tax per item will maximize the total tax revenue? What is the maximum tax revenue! I
Problem #4: The demand equation for a product is given by p-250-0.1qdollars per unit where q is t...
Problem #4: The demand equation for a product is given by p-250-0.1qdollars per unit where q is the number of units demanded. a. If the cost of producing q units is given by C(g)-1000+80q+0.15q find the profit function. b. Use CALCULUS to estimate the cost to produce the 77th unit. How does this compare with the EXACT cost of producing the 77th unit? Include correct units. Do not round values c. Compute the marginal profit of the 100th unit. Does...
If the monthly demand function is p = 8,500 - 6q2 and the supply function be...
If the monthly demand function is p = 8,500 - 6q2 and the supply function be taxation is p = 25+ 30q, what tax per item will maximize the total tax revenue Supply function after taxation = p= 25 + 3092 + t 25 + 3092 + t = 8500 - 697 2. For the following demand equation, p(q) = 10 - 0.22366 find the revenue equation, use calculus to find where the revenue is increasing and decreasing, sketch the...
In this problem, p is in dollars and q is the number of units. (a) Find...
In this problem, p is in dollars and q is the number of units. (a) Find the elasticity of the demand function 2p + 39 = 216 at the price p = 12. (b) How will a price increase affect total revenue? O Since the demand is elastic, an increase in price will decrease the total revenue. O Since the demand is unitary, there will be no change in the revenue with a price increase. Since the demand is elastic,...
Suppose that the supply of x units of a product at price p dollars per unit...
Suppose that the supply of x units of a product at price p dollars per unit is given by the following. p = 30 + 60 In(8x + 2) (a) Find the rate of change of supply price with respect to the number of units supplied. dp dx = (b) Find the rate of change of supply price when the number of units is 31. $ (c) Approximate the price increase associated with the number of units supplied changing from...
In this problem, p is in dollars and q is the number of units. (a) Find...
In this problem, p is in dollars and q is the number of units. (a) Find the elasticity of the demand function p + 6q = 180 at (q, p) = (15, 90).
10,000 where p is the price per 12) The demand equation for a monopolist's product is p q225 unit (in dollars) when q u...
10,000 where p is the price per 12) The demand equation for a monopolist's product is p q225 unit (in dollars) when q units are demanded. (a) Determine the value of q for which revenue is maximum. (b) What is the maximum revenue? 13) A manufacturer found that the total cost c of producing q units of a product is given by c 0.02q22800. At what level of production will average cost be a minimum?
Supply is P = 40, while demand is P = 20, where P is price in...
Supply is P = 40, while demand is P = 20, where P is price in dollars and Q is units of output per week. a) Find the equilibrium price and quantity (using both algebra and graphs) b) If sellers must pay a tax of T = $4/unit, what happens to quantity exchanged, the price buyers pay, and the price sellers receive (net of the tax)?
2. (-/2 Points] DETAILS HARMATHAP12 11.5.015. In this problem, p is the price per unit in dollars and is the number of units If the weekly demand function is p 52-9 and the supply function before taxation is p = 16 50, what tax per item will maximize the total revenue? $ Item Need Help? Watch Talk to a Tutor 3. [-/2 Points) DETAILS HARMATHAP12 11.5.019.MI. In this problem, p is the price per unit in dollars and is the...
14) The demand equation for a monopolist's product is p = 200 - 0.989, where p is the price per unit (in dollars) of producing q units. If the total cost c (in dollars) of producing 8 units is given by c= 0.02q2 + 2q + 8000, find the level of production at which profit is maximized. 15) The demand function for a monopolist's product is p = 100 – 39, where p is the price per unit (in dollars)...
4) If the demand function for a fixed period of time is p = 2100 – 39 and the supply function before taxation is p=300 +1.5q, what tax per item will maximize the total tax revenue? What is the maximum tax revenue! I
Problem #4: The demand equation for a product is given by p-250-0.1qdollars per unit where q is the number of units demanded. a. If the cost of producing q units is given by C(g)-1000+80q+0.15q find the profit function. b. Use CALCULUS to estimate the cost to produce the 77th unit. How does this compare with the EXACT cost of producing the 77th unit? Include correct units. Do not round values c. Compute the marginal profit of the 100th unit. Does...
If the monthly demand function is p = 8,500 - 6q2 and the supply function be taxation is p = 25+ 30q, what tax per item will maximize the total tax revenue Supply function after taxation = p= 25 + 3092 + t 25 + 3092 + t = 8500 - 697 2. For the following demand equation, p(q) = 10 - 0.22366 find the revenue equation, use calculus to find where the revenue is increasing and decreasing, sketch the...
In this problem, p is in dollars and q is the number of units. (a) Find the elasticity of the demand function 2p + 39 = 216 at the price p = 12. (b) How will a price increase affect total revenue? O Since the demand is elastic, an increase in price will decrease the total revenue. O Since the demand is unitary, there will be no change in the revenue with a price increase. Since the demand is elastic,...
Suppose that the supply of x units of a product at price p dollars per unit is given by the following. p = 30 + 60 In(8x + 2) (a) Find the rate of change of supply price with respect to the number of units supplied. dp dx = (b) Find the rate of change of supply price when the number of units is 31. $ (c) Approximate the price increase associated with the number of units supplied changing from...
10,000 where p is the price per 12) The demand equation for a monopolist's product is p q225 unit (in dollars) when q units are demanded. (a) Determine the value of q for which revenue is maximum. (b) What is the maximum revenue? 13) A manufacturer found that the total cost c of producing q units of a product is given by c 0.02q22800. At what level of production will average cost be a minimum?
Supply is P = 40, while demand is P = 20, where P is price in dollars and Q is units of output per week. a) Find the equilibrium price and quantity (using both algebra and graphs) b) If sellers must pay a tax of T = $4/unit, what happens to quantity exchanged, the price buyers pay, and the price sellers receive (net of the tax)?
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