ZuoTi.Pro
Question

The demand for a certain type of modem is given by p = 480 - x...

The demand for a certain type of modem is given by
p = 480 - x
where p is the price when x units are demanded. Determine the price that will produce the maximum revenue. (Hint: First find the revenue R(x), that would be obtained at a demand of x).

$48

$240

$260

$480
math   Statistics-And-Probability   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

0 0
Add a comment
Know the answer?
Add Answer to:
The demand for a certain type of modem is given by p = 480 - x...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • The weekly demand function is given by p + x + 4xp = 42, where x...

    The weekly demand function is given by p + x + 4xp = 42, where x is the number of thousands of units demanded weekly and p is in dollars. If the price p is increasing at a rate of 26 cents per week when the level of demand is 3000 units, which one of the following statements is true? O Demand is increasing at 260 units per week O Demand is decreasing at 280 units per week O Demand...

  • The demand equation for a certain product is given by p = f(q) = 25/3q2 +2...

    The demand equation for a certain product is given by p = f(q) = 25/3q2 +2 where p is the unit price in dollars and q is the quantity demanded each year, measured in thousands of units. It is expected that the demand will be 2000 units for the year, with a maximum error of 10%. What is the maximum error in the predicted price?

  • The demand function for a certain brand of CD is given by p--00-02 where p is...

    The demand function for a certain brand of CD is given by p--00-02 where p is the wholesale unit price in dollars and is the quantity demanded each work, measured in units of a thousand. The supply function is given by p=0.01.x+4 Where is the unit wholesale price in dollars and stands for the quantity that will be made available in the market by the per measured in units of thousand. Determine the producere's the wholesale market price is set...

  • The demand function for a certain product is given by

    The demand function for a certain product is given by p = 500 + 1000/(q+1)where p is the price and q is the number of units demanded. Find the average price as demand ranges from 43 to 98 units. (Round your answer to the nearest cent.) 

  • 66. DEMAND FOR COMMODITIES Assume that the demand func tion for a certain commodity has the...

    66. DEMAND FOR COMMODITIES Assume that the demand func tion for a certain commodity has the form ax+ where x is the quantity demanded, measured in units of a thousand and p is the unit price in dollars. Suppose the quantity demanded is 6000 ( 6) when the unit price is $8 and 8000 (x = 8) when the unit price is $6. Determine the demand equation. What is the quantity demanded when the unit price is set at $7.50?

  • The weekly demand for the Pulsar 40-in. high-definition television is given by the demand equation p...

    The weekly demand for the Pulsar 40-in. high-definition television is given by the demand equation p = −0.04x + 517    (0 ≤ x ≤ 12,000) where p denotes the wholesale unit price in dollars and x denotes the quantity demanded. The weekly total cost function associated with manufacturing these sets is given by C(x) = 0.000004x3 − 0.05x2 + 400x + 80,000 where C(x) denotes the total cost incurred in producing x sets. Find the level of production that will yield...

  • The demand function for a certain commodity is given by p 100e2. (p is the price...

    The demand function for a certain commodity is given by p 100e2. (p is the price per unit and q is the number of units.) (a) At what price per unit will the quantity demanded equal 4 units? (Round your answer to the nearest cent.) (b) If the price is $2.95 per unit, how many units will be demanded, to the nearest unit? units

  • (1 point) The price-demand and cost functions for the production of microwaves are given as P=240-...

    (1 point) The price-demand and cost functions for the production of microwaves are given as P=240- C(x) = 46000 + 40., is the number of microwaves that can be sold at a price of p dollars per unit and C where units. ) is the total cost (in dollars) of producing (A) Find the marginal cost as a function of C'(x) = (B) Find the revenue function in terms R(x) = (C) Find the marginal revenue function in terms of...

  • The demand function for a certain model of Blu-ray player is given by p = 900 0.5x + 2 wh...

    The demand function for a certain model of Blu-ray player is given by p = 900 0.5x + 2 where p is the unit price in dollars and x (in units of a thousand) is the quantity demanded per week. What is the consumers' surplus if the selling price is set at $300/unit? (Round your answer to the nearest dollar.)

  • The demand function for a certain commodity is given by p = 100e-9/2. (p is the...

    The demand function for a certain commodity is given by p = 100e-9/2. (p is the price per unit and q is the number of units.) (a) At what price per unit will the quantity demanded equal 4 units? (Round your answer to the nearest cent.) $ (b) If the price is $1.99 per unit, how many units will be demanded, to the nearest unit? units

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT