please do all three parts:)thanks a ton
please do all three parts:)thanks a ton Cost, revenue, and profit are in dollars and x...
DETAILS HARMATHAPBR1 9.9.008. Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the total revenue function for a product is R(x) = 55x and that the total cost function is c(X) - 1700 + 35x + 0.01x2. (a) Find the profit from the production and sale of 500 units. $ (b) Find the marginal profit function. (c) Find MP at x = 500. on the sale of the next (501st) unit. Explain what...
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...
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...
Graphs of the cost C(x), revenue R(x) and the profit P(x), in thousands of dollars, are shown, where x is the number of thousands of items produced. (a) Use the graph to find the formula for the revenue R(x). (b) The profit is given by P(x) = – x2 + 15x² - 27x- 50. What is the formula for the cost function C(x)? (c) Report the fixed costs. (d) Report the minimum marginal cost. (e) What is the largest profit...
please show ALL STEPS and box answers, will thumbs up, Thanks! The price-demand and cost functions for the production of microwaves are given as 2 p=220 - 50 and C(2) = 16000 + 802, where x is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing a units. (A) Find the marginal cost as a function of x. C'(x) = 80 (B) Find...
18. A certain firm's marginal cost for a product is MC = 4x+80, its marginal revenue is MR = 248-8x, and its total cost of production of 14 units is $ 1632 Find the profit function P.
need help with #13 please and thank you 13. DETAILS HARMATHAPBR1 9.9.008. Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the total revenue function for a product is R(x) - 55x and that the total cost function is c(*) - 2000 + 35x + 0.01x? (a) Find the profit from the production and sale of 500 units. $ (b) Find the marginal profit function. (c) Find MP at x = 500. Explain...
The total revenue function for a certain product is given by Requals=440440x dollars, and the total cost function for this product is Cequals=20 comma 00020,000plus+4040xplus+x squaredx2 dollars, where x is the number of units of the product that are produced and sold. a. Find the profit function. b. Find the number of units that gives maximum profit. c. Find the maximum possible profit.
The revenue (in thousands of dollars) from producing x units of an item is modeled by R(x) = 10x -0.005% a. Find the average rate of change in revenue as x changes from 1003 to 1007 b. Find the marginal revenue at x=600. a. The average rate of change in revenue is dollars per unit. (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The marginal revenue is dollars per unit. (Do not...
A shoe company that sells hiking boots has total revenue dollars, and the total cost where x is the number of hiking boots produced and sold. Find the marginal revenue (MR), Marginal cost (MC), and Marginal Profit (MP) r(z) = 652. c(z) 5500 152.