a. The price, p (in rands) and the quantity sold of Scientific calculators obey the demand...
42. Demand Equation The price p and the quantity x sold of a certain product obey the demand equation x20p +500, 0sps 25 (a) Express the revenue R as a function of x. (b) What is the revenue if 20 units are sold? (c) What quantity x maximizes revenue? What is the maxi- mum revenue? (d) What price should the company charge to maximize rev- enue?
plz help with part e thank you Score: 0 of 1 pt 1 of 5 (0 co 3.4.5 The price p and the quantity x sold of a certain product obey the demand equation below. x4p+ 80, 0sps 20 (a) Express the revenue R as a function of x. (b) What is the revenue if 76 units are sold? (c) What quantity x maximizes revenue? What is the maximum revenue? (d) What price should the company charge to maximize revenue?...
5. The price Plin $) and the quantity x sold of a certain product obey the demand equation ( X -5p + 100 0s p s 20 ix) XP) A) Express the revenue R as a function of x: R(x) 8) What is the revenue if 15 units are sold C) What quantity x maximizes revenue? What is the maximum revenue? D) What price should the company charge to maximizes revenue
AmeriBabe manufactures and sells rubber baby buggy bumpers. The price-demand equation is: where p is the price (in dollars) at which z rubber baby buggy bumpers can be sold. a. What is the demand if the price is $2280? The demand isbumpers. p 2600-8x Preview b. The cost to produce x rubber baby buggy bumpers is given by C() 900680 and the new revenue function is R(z)(2600 8a) How many rubber baby buggy bumpers should be manufactured and sold to...
Question4 a. The demand for pocket calculators is given by the function P = 6-0.5Qp and the supply is given by the function: 6= price and quantity in this market [6 marks] P. Calculate the equilibrium Qs b. Explain with the aid of an example, the law of demand and the law of supply. [4 marks] c. The diagram below represents the market for pizza. Equilibrium price and quantity are $20 and 6 pizzas, respectively. Assume that the price of...
Homework: Section 2.6 Score: 0.14 of 1 pt 2.6.5 The price p (in dollars) and the quantity x sold of a certain product obey the demand equation x-5p+150 0<ps30 (a) Express the revenue R as a function of p R(p)-5p+150p (Simplitfy your answer. Use integers or fractions for any numbers in the expression.) b) What is the revenue if the price is $27? "the price is S27, the revenue is (Simplity your answer.)
Suppose that a monopolist faces the following costs and demand for its product: A. Complete the table above. (Draw the table on a piece of paper, take a picture with your phone and then attach the image to your answer here.) B. Given that the monopolist wants to maximise profits, what price will it charge, and how many units will it produce? C. What would be the quantity of output that would maximise total surplus? D. Explain why this monopolist’s...
6. At a company, the price (p) and the units sold (x) is given byx-5p+ 100 0s p s 100. a. Express the revenue as a function of x. b. What quantity x maximizes revenue? What is the maximum revenue? (8) c. What price should the company charge to maximize revenue?
The price demand equation for hamburgers at a fast food restaurant is x + 1000p = 2,500 where p is the price in which exactly x items will be sold. Currently, the price of an order of fries is $1. A. How many fries are they currently selling? B. If the price is decreased will the revenue increase or decrease? C. If the price is increased, will the revenue increase or decrease? D. What price will maximize revenue?
In a monopolistic competitive market for blood pressure monitor, suppose the market demand function for the monitor is P=160 – 3Q, where P is the price for monitor, Q and the quantity of monitor demanded. Marginal cost of producing it is MC: P = 20 + Q, where P is the price of the monitor and Q is the quantity of the monitor sold. Use the Twice as Steep Rule, form the marginal revenue function. What are the price and...