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)
A shoe company that sells hiking boots has total revenue dollars, and the total cost where...
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...
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...
Total cost is C 8700 + 4.40 and total revenue is R = 5.159, both in dollars, where represents the quantity produced (a) What is the fixed cost? The fixed cost is $ Number (b) What is the marginal cost per item The marginal cost is $ Number (c) What is the price at which this item is sold? The selling price is $ Number (d) For what production levels does this company make a profit The company makes a...
please show step 6. An aircraft company estimates its marginal revenue function for helicopters to be MR(x) = (x + 40)Vr2 + 80x thousand dollars where x is the number of helicopters sold. Find the total revenue from the sale of the first 10 helicopters. 6. An aircraft company estimates its marginal revenue function for helicopters to be MR(x) = (x + 40)Vr2 + 80x thousand dollars where x is the number of helicopters sold. Find the total revenue from...
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 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.
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...
The total revenue function for a certain product is given by The total revenue function for a certain product is given by R=630x dollars, and the total cost function for this product is C = 10,000+ 30x + x2 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. a. P(x)= (Simplify your...
Thabo 's shoe company hires workers at M500.00/ week and its total fixed cost is M1,000.00 week. The table below sets out the company's short -run activities. Labor (Workers per week Output(Q) Units Fixed Costs (FC) Variable Costs(VC) Total Costs (TC) Marginal Cost (MC) Total Revenue(TR) Marginal Revenue(MR) 0 0 1000.00 1 30 2 70 3 120 4 160 5 190 6 210 7 220 Calculate the FC,VC,TC,MC and MR,fill your results in the table appropriately.
10. DETAILS HARMATHAPBR1 9.6.001.MI. Differentiate the function. f(x) = (2x - 5)35 F"(x) = 11. DETAILS HARMATHAPBR1 9.9.003. Cost is in dollars and x is the number of units. Find the marginal cost function MC for the given cost function. C(x) = 450 + 16x + x2 MC = 12. DETAILS HARMATHAPBR1 9.9.007. Cost, revenue, and profit are in dollars and x is the number of units. If the total profit function is P(x) = 2x - 15, find the...