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Suppose a calculator manufacturer has the total cost function C(x) = 34x + 6800 and the...
Suppose a ceiling fan manufacturer has the total cost function C(x) = 35x + 480 and...
Suppose a ceiling fan manufacturer has the total cost function C(x) = 35x + 480 and the total revenue function R(x) = 47x. (a) What is the equation of the profit function P(x) for this commodity? P(x) = (b) What is the profit on 20 units? P(20) = Interpret your result. The total costs are less than the revenue. The total costs are more than the revenue. The total costs are exactly the same as the revenue. (c) How many...
If the total cost function for producing x lamps is C(x) = 90 + 34x +...
If the total cost function for producing x lamps is C(x) = 90 + 34x + 0.1x2 dollars, producing how many units, x, will result in a minimum average cost per unit? units Find the minimum average cost per unit. $
The total cost C for a manufacturer during a given time period is a function of...
The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced...
A manufa produces a product at a cost of $27.80 per unit. The manufacturer has a...
A manufa produces a product at a cost of $27.80 per unit. The manufacturer has a fixed cost of $100.00 per day. Each unit retails for $39.00, Let x the of units produced in a 5-day period. (a) write the total cost C as a function of x. C(x) - (b) Write the revenue R as a function of x. R(x) (c) Write the profit P as a function of x. (Hint: The profit function is given by PO-R(x)-ar).) P(x)...
A manufacturer has a monthly fixed cost of $52,500 and a production cost of $8 for...
A manufacturer has a monthly fixed cost of $52,500 and a production cost of $8 for each unit produced. The product sells for $13/unit. (a) What is the cost function? C(x) (b) What is the revenue function? R(x) (c) What is the profit function? (d) Compute the profit (loss) corresponding to production levels of 8,000 and 13,000 units. P(8,000) - P(13,000)-
i dont have anyore info to provdie AT&T LTE е 70% 9:32 PM 을 webassign.net The total cost C for a manufacturer during a given time period is a function of the number N of items produced duri...
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dont have anyore info to provdie
AT&T LTE е 70% 9:32 PM 을 webassign.net The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. (In this exercise, we measure all monetary values in dollars.) To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering such things as plant maintenance and insurance) as well as the cost for...
The total-cost, C(x), and total revenue, R(x), functions for producing x items are shown below, where...
The total-cost, C(x), and total revenue, R(x), functions for producing x items are shown below, where 0 SXS 800 C(x) = 5900 + 100x and R(x) = - + 600X a) Find the total-profit function P(x). b) Find the number of items, x, for which the total profit is a maximum a) P(x) = b) The profit is maximized for a production of units
2. Suppose the demand function relating demand and price is given by pix)- 50-0.005x. The total...
2. Suppose the demand function relating demand and price is given by pix)- 50-0.005x. The total cost of making x units is given by C )-0.00001 x3-0,033 x2+48x+5,000 a) Find the revenue function R(x). b) Find the profit function P(x). c) How many units must be made and sold to maximize profit? Verify that you have found the maximum using d) e) f) the first derivative test. What is the maximum profit? What are the marginal cost, marginal revenue and...
linear revenue function is R = 34x. (Assume R is measured in dollars.) (a) What is...
linear revenue function is R = 34x. (Assume R is measured in dollars.) (a) What is the slope m? m = (b) What is the marginal revenue MR? MR = What does the marginal revenue mean? 0 If the number of units sold is increased by this amount, the revenue decreases by O If the number of units sold is increased by this amount, the revenue increases by O Each additional unit sold decreases the revenue by this many dollars....
The total revenue function for a product is given by R=655x dollars, and the total cost...
The total revenue function for a product is given by R=655x dollars, and the total cost function for this same product is given by C=19,250+70x+x2, where C is measured in dollars. For both functions, the input x is the number of units produced and sold. a. Form the profit function for this product from the two given functions. b. What is the profit when 25 units are produced and sold? c. What is the profit when 43 units are produced...
If the total cost function for producing x lamps is C(x) = 90 + 34x + 0.1x2 dollars, producing how many units, x, will result in a minimum average cost per unit? units Find the minimum average cost per unit. $
A manufa produces a product at a cost of $27.80 per unit. The manufacturer has a fixed cost of $100.00 per day. Each unit retails for $39.00, Let x the of units produced in a 5-day period. (a) write the total cost C as a function of x. C(x) - (b) Write the revenue R as a function of x. R(x) (c) Write the profit P as a function of x. (Hint: The profit function is given by PO-R(x)-ar).) P(x)...
A manufacturer has a monthly fixed cost of $52,500 and a production cost of $8 for each unit produced. The product sells for $13/unit. (a) What is the cost function? C(x) (b) What is the revenue function? R(x) (c) What is the profit function? (d) Compute the profit (loss) corresponding to production levels of 8,000 and 13,000 units. P(8,000) - P(13,000)-
i
dont have anyore info to provdie
AT&T LTE е 70% 9:32 PM 을 webassign.net The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. (In this exercise, we measure all monetary values in dollars.) To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering such things as plant maintenance and insurance) as well as the cost for...
The total-cost, C(x), and total revenue, R(x), functions for producing x items are shown below, where 0 SXS 800 C(x) = 5900 + 100x and R(x) = - + 600X a) Find the total-profit function P(x). b) Find the number of items, x, for which the total profit is a maximum a) P(x) = b) The profit is maximized for a production of units
2. Suppose the demand function relating demand and price is given by pix)- 50-0.005x. The total cost of making x units is given by C )-0.00001 x3-0,033 x2+48x+5,000 a) Find the revenue function R(x). b) Find the profit function P(x). c) How many units must be made and sold to maximize profit? Verify that you have found the maximum using d) e) f) the first derivative test. What is the maximum profit? What are the marginal cost, marginal revenue and...
linear revenue function is R = 34x. (Assume R is measured in dollars.) (a) What is the slope m? m = (b) What is the marginal revenue MR? MR = What does the marginal revenue mean? 0 If the number of units sold is increased by this amount, the revenue decreases by O If the number of units sold is increased by this amount, the revenue increases by O Each additional unit sold decreases the revenue by this many dollars....
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