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6. At a company, the price (p) and the units sold (x) is given byx-5p+ 100...
5. The price Plin $) and the quantity x sold of a certain product obey the...
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
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...
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?...
42. Demand Equation The price p and the quantity x sold of a certain product obey...
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?
a. The price, p (in rands) and the quantity sold of Scientific calculators obey the demand...
a. The price, p (in rands) and the quantity sold of Scientific calculators obey the demand equation, x = -40p + 700 where 0 <p s 30 Express the revenue R as a function of x. (3 Marks) b. What is the revenue if 50 lab coats are sold? (2 Marks) What quantity x maximises revenue? What is the maximum price? (4 Marks) d. What price should the company charge to maximise revenue? (2 Marks) e. What price should the...
A company manufactures and sells x cellphones per week. The weekly price-demand and cost equation...
#4
& 5, work shown.
A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below. 4) p 400-0.lx and C(x)-25,000+135x Find the weekly revenue function. What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the weekly revenue? a) b) c) Find the weekly profit function. What price should the company charge for the phones, and how many phones...
Silver Scooter Inc. finds that it costs $100 to produce each motorized scooter and that the...
Silver Scooter Inc. finds that it costs $100 to produce each motorized scooter and that the fixed costs are $1,000. The price is given by p = 700 - X, where p is the price in dollars at which exactly x scooters will be sold. Find the quantity of scooters that the company should produce and the price it should charge to maximize profit. Find the maximum profit How many scooters should the company produce to maximize profit? scooters What...
Let demand for good X be given by the functionld=100-5P and supply be given by Q;=5P-40....
Let demand for good X be given by the functionld=100-5P and supply be given by Q;=5P-40. 4. What are the equilibrium price and quantity in this market? (3 points) a. b. Suppose the demand function shifts, doubling quantity demanded for every possible price. What is the new demand function? What are the new equilibrium price and quantity? (4 points)
2. (12 points) Suppose the demand for a product is given by Q = 200 – 5P....
2. (12 points) Suppose the demand for a product is given by Q = 200 – 5P. a) Calculate the Price Elasticity of Demand when the price of the good is P = 8? b) What is the Marginal Revenue of the firm when P = $8? c) If the firm wants to increase their total revenue, should they increase or decrease the Price? d) What price should the firm charge if it wants to maximize Total Revenue?
1 x+14,000. The cost of producing x vans is given by the function 50 The CarryltAll...
1 x+14,000. The cost of producing x vans is given by the function 50 The CarryltAll mini-van, a popular vehicle among soccer moms, obeys the demand equation p C(x) 11160x+ 30,000 a) Express the revenue R as a function of x b) Express the profit P as a function of x c) Find the value of x that maximizes profit. What is the maximum profit? d) What price should be charged in order to maximize profit?
Suppose that a company wants to choose a price for their product that will maximize the...
Suppose that a company wants to choose a price for their product that will maximize the total revenue. From market research, they assume that the price of the product (p) and the quantity sold (x) will obey the linear relationship p=100-1/2x (A) What happens if the company sets the price at $10 per unit? How many units will be sold? (B) What happens if the company sets the price at $10 per unit? What will the total revenue be? (C)...
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
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?...
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?
a. The price, p (in rands) and the quantity sold of Scientific calculators obey the demand equation, x = -40p + 700 where 0 <p s 30 Express the revenue R as a function of x. (3 Marks) b. What is the revenue if 50 lab coats are sold? (2 Marks) What quantity x maximises revenue? What is the maximum price? (4 Marks) d. What price should the company charge to maximise revenue? (2 Marks) e. What price should the...
#4
& 5, work shown.
A company manufactures and sells x cellphones per week. The weekly price-demand and cost equations are given below. 4) p 400-0.lx and C(x)-25,000+135x Find the weekly revenue function. What price should the company charge for the phones, and how many phones should be produced to maximize the weekly revenue? What is the weekly revenue? a) b) c) Find the weekly profit function. What price should the company charge for the phones, and how many phones...
Silver Scooter Inc. finds that it costs $100 to produce each motorized scooter and that the fixed costs are $1,000. The price is given by p = 700 - X, where p is the price in dollars at which exactly x scooters will be sold. Find the quantity of scooters that the company should produce and the price it should charge to maximize profit. Find the maximum profit How many scooters should the company produce to maximize profit? scooters What...
Let demand for good X be given by the functionld=100-5P and supply be given by Q;=5P-40. 4. What are the equilibrium price and quantity in this market? (3 points) a. b. Suppose the demand function shifts, doubling quantity demanded for every possible price. What is the new demand function? What are the new equilibrium price and quantity? (4 points)
1 x+14,000. The cost of producing x vans is given by the function 50 The CarryltAll mini-van, a popular vehicle among soccer moms, obeys the demand equation p C(x) 11160x+ 30,000 a) Express the revenue R as a function of x b) Express the profit P as a function of x c) Find the value of x that maximizes profit. What is the maximum profit? d) What price should be charged in order to maximize profit?
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