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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...
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?
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
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...
Homework: Section 2.6 Score: 0.14 of 1 pt 2.6.5 The price p (in dollars) and the...
Homework: Section 2.6 Score: 0.14 of 1 pt 2.6.5 The price p (in dollars) and the quantity x sold of a certain product obey the demand equation x-5p+150 0<ps30 (a) Express the revenue R as a function of p R(p)-5p+150p (Simplitfy your answer. Use integers or fractions for any numbers in the expression.) b) What is the revenue if the price is $27? "the price is S27, the revenue is (Simplity your answer.)
14. What is domain of function f(x)=√x + x² The prica sold of a certain quantity...
14. What is domain of function f(x)=√x + x² The prica sold of a certain quantity ह produet obey the demandt equation. P= - - - - x +150 2 ay Find a model that express the revere a function of y. (R=xp) X maximizes revenue. R as b) who hat quantity
6. At a company, the price (p) and the units sold (x) is given byx-5p+ 100...
6. At a company, the price (p) and the units sold (x) is given byx-5p+ 100 0s p s 100. a. Express the revenue as a function of x. b. What quantity x maximizes revenue? What is the maximum revenue? (8) c. What price should the company charge to maximize revenue?
Price and cost (dolars per cup) Homework: HW Ch. 13 Score: 0 of 1 pt 1...
Price and cost (dolars per cup) Homework: HW Ch. 13 Score: 0 of 1 pt 1 of 40 (31 complete) HW Score: 72.29 % , 2 Concept: Short-Run Profit Maximization 1 Quest The graph to the right depicts the demand for caffe lattes at a local coffeehouse along with the average total cost and marginal cost of producing lattes Suppose the coffeehouse is in a monopolistically competitive market in the short run How many cafle lattes should this coffechouse produce...
Calculate revenue. Revenue is the quantity sold times the price for the product. The quantity sold...
Calculate revenue. Revenue is the quantity sold times the price
for the product. The quantity sold will be the smaller of the
quantity supplied or the quantity demanded. (You can't sell more
than you are willing to make even if the market demands a higher
quantity. Likewise you can't sell more than is demanded even if you
are willing to supply more than the quantity demanded.) You will
need to calculate which of these values is smaller because quantity
demanded...
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...
Exercise 1 ABC, Ltd. specializes in the production of a certain product X. The demand for...
Exercise 1 ABC, Ltd. specializes in the production of a certain product X. The demand for its new brand of product X is given by: Q = 140 - 4P/ 1. ABC, Ltd. is currently charging $10 per unit of product. At this price, what is the price elasticity of demand for product X? 2. At a price of $10, what is ABC, Ltd's marginal revenue? 3. What price should ABC, Ltd. charge if it wishes to maximize its total...
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?
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
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...
Homework: Section 2.6 Score: 0.14 of 1 pt 2.6.5 The price p (in dollars) and the quantity x sold of a certain product obey the demand equation x-5p+150 0<ps30 (a) Express the revenue R as a function of p R(p)-5p+150p (Simplitfy your answer. Use integers or fractions for any numbers in the expression.) b) What is the revenue if the price is $27? "the price is S27, the revenue is (Simplity your answer.)
14. What is domain of function f(x)=√x + x² The prica sold of a certain quantity ह produet obey the demandt equation. P= - - - - x +150 2 ay Find a model that express the revere a function of y. (R=xp) X maximizes revenue. R as b) who hat quantity
6. At a company, the price (p) and the units sold (x) is given byx-5p+ 100 0s p s 100. a. Express the revenue as a function of x. b. What quantity x maximizes revenue? What is the maximum revenue? (8) c. What price should the company charge to maximize revenue?
Price and cost (dolars per cup) Homework: HW Ch. 13 Score: 0 of 1 pt 1 of 40 (31 complete) HW Score: 72.29 % , 2 Concept: Short-Run Profit Maximization 1 Quest The graph to the right depicts the demand for caffe lattes at a local coffeehouse along with the average total cost and marginal cost of producing lattes Suppose the coffeehouse is in a monopolistically competitive market in the short run How many cafle lattes should this coffechouse produce...
Calculate revenue. Revenue is the quantity sold times the price
for the product. The quantity sold will be the smaller of the
quantity supplied or the quantity demanded. (You can't sell more
than you are willing to make even if the market demands a higher
quantity. Likewise you can't sell more than is demanded even if you
are willing to supply more than the quantity demanded.) You will
need to calculate which of these values is smaller because quantity
demanded...
#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...
Exercise 1 ABC, Ltd. specializes in the production of a certain product X. The demand for its new brand of product X is given by: Q = 140 - 4P/ 1. ABC, Ltd. is currently charging $10 per unit of product. At this price, what is the price elasticity of demand for product X? 2. At a price of $10, what is ABC, Ltd's marginal revenue? 3. What price should ABC, Ltd. charge if it wishes to maximize its total...
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