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If the marginal revenue (in dollars per unit) for a month is given by MR =...
If the marginal revenue (in dollars per unit) for a month for a commodity is MR...
If the marginal revenue (in dollars per unit) for a month for a commodity is MR = -0.6x + 41, find the total revenue function. R(x) -
A marginal revenue function MR(x) (in dollars) is given below. Use numerical integration on a graphing...
A marginal revenue function MR(x) (in dollars) is given below. Use numerical integration on a graphing calculator or computer to find the total revenue over the given range. 195 MR(x) = 7+2 1 +2 -0.8x – 25, 0 sxs 270 -0.8% . The total revenue over the given range is approximately $ (Round to the nearest cent as needed.)
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 fni...
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...
Price per Unit Total Revenue (dollars) Marginal Revenue (dollars) $85 80 75 Quantity Demanded (units) 10...
Price per Unit Total Revenue (dollars) Marginal Revenue (dollars) $85 80 75 Quantity Demanded (units) 10 11 12 Total Cost of Marginal Cost Production (dollars) (dollars) $530 540 550 560 15 16 . • • Fill out the rest of the table. What is the firm's profit maximizing output and what is the price charged to sell this output? • Calculate ATC at the profit maximizing quantity. • When producing the profit maximizing output, what is the amount of the...
The marginal revenue for x of a certain industrial machine is dollars per year and the...
The marginal revenue for x of a certain industrial machine is dollars per year and the marginal cost of the industrial machines is dollars per year. Find the Marginal Profit for 4 industrial machines. Interpret MP(4) in economic terms. Sketch a graph of the marginal profit function. Carefully label the function and the y intercept. Meaningfully label the x and y axes. On the above graph, shade the area that represents the profit generated from the production and sale of...
17) A manufacturer estimates marginal revenue to be R'(q) = 52q-1/2 dollars per unit when the...
17) A manufacturer estimates marginal revenue to be R'(q) = 52q-1/2 dollars per unit when the level of production is q units. The corresponding marginal cost has been found to be 0.29 dollars per unit. Suppose the manufacturer's profit is $500 when the level of production is 16 units. What is the manufacturer's profit when the level of production is 49 units? A) $7.43 B) $506.60 C) $378.30 D) $597.50
Total revenue is in dollars and x is the number of units. time left... 7:43:29 Suppose...
Total revenue is in dollars and x is the number of units. time left... 7:43:29 Suppose that the total revenue function for a commodity is R = 64x - 0.02x2. (a) Find R(100) $ Tell what it represents. The revenue increases by about this amount when the number of units is increased from 100 to 101. 100 units produce this amount of revenue. 101 units produce this amount of revenue. The actual revenue of the 100th unit is this amount....
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...
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...
If the marginal revenue (in dollars per unit) for a month for a commodity is MR = -0.6x + 41, find the total revenue function. R(x) -
A marginal revenue function MR(x) (in dollars) is given below. Use numerical integration on a graphing calculator or computer to find the total revenue over the given range. 195 MR(x) = 7+2 1 +2 -0.8x – 25, 0 sxs 270 -0.8% . The total revenue over the given range is approximately $ (Round to the nearest cent as needed.)
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...
Price per Unit Total Revenue (dollars) Marginal Revenue (dollars) $85 80 75 Quantity Demanded (units) 10 11 12 Total Cost of Marginal Cost Production (dollars) (dollars) $530 540 550 560 15 16 . • • Fill out the rest of the table. What is the firm's profit maximizing output and what is the price charged to sell this output? • Calculate ATC at the profit maximizing quantity. • When producing the profit maximizing output, what is the amount of the...
17) A manufacturer estimates marginal revenue to be R'(q) = 52q-1/2 dollars per unit when the level of production is q units. The corresponding marginal cost has been found to be 0.29 dollars per unit. Suppose the manufacturer's profit is $500 when the level of production is 16 units. What is the manufacturer's profit when the level of production is 49 units? A) $7.43 B) $506.60 C) $378.30 D) $597.50
Total revenue is in dollars and x is the number of units. time left... 7:43:29 Suppose that the total revenue function for a commodity is R = 64x - 0.02x2. (a) Find R(100) $ Tell what it represents. The revenue increases by about this amount when the number of units is increased from 100 to 101. 100 units produce this amount of revenue. 101 units produce this amount of revenue. The actual revenue of the 100th unit is this amount....
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...
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...
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