Please solve out these questions with step by step work. the answer key is attached as well. than...
plz help part A part b part c Find the number of units x that produces a maximum revenue R. 1,000,000x 0.02x2 + 450 units Find the number of units x that produces the minimum average cost. (Round your answer to the nearest whole unit.) C = 1000x - x2900 - X units The Widgets Unlimited Company analyzes its cost and pricing for x units of production (volume). They build a model of the demand (pricing) function in US $:...
A concert promoter sells tickets and has a marginal-profit function given below, where P'(x) is in dollars per ticket. This means that the rate of change of total profit with respect to the number of tickets sold, x, is P'(x). Find the total profit from the sale of the first 200 tickets, disregarding any fixed costs. P'(x) = 3x - 1140 The total profit is $ (Round to the nearest cent as needed.)
please do all three parts:)thanks a ton Cost, revenue, and profit are in dollars and x is the number of units. The average cost of a product changes at the rate C'(x) = -8x-2 + and the average cost of 8 units is $12.00. (a) Find the average cost function. T(X) = (b) Find the average cost of 16 units. (Round your answer to the nearest cent.) Cost, revenue, and profit are in dollars and x is the number of...
Mat 1460- Homework Section 3.4 Given the function Support your answer by showing your work. 1. Given the function2x -Bx -6 Find the vertex and intercepts of the graph. The give a sketch of the graph on the grid to the right. 2. The supply and demand functions for a certain commodity are: Supply: p = q2 + q + 10 Demand: p--10q + 3060 Find the equilibrium quantity and price. 3. The revenue function of a certain item is...
■In Problems il-20, express the quadratic function in stan- dard form, and identify a, b, and e. In Problems 21-22, write an expression (x) for the result of the given operations on x, and put it in standard form 1. Add 5, multiply by x, subtract 2 22 Subtract 3, multiply by x, add 2, multiply by 5 25. If a company charges x dollars per item, it finds that it can sell 1500-3x of them. Each item costs $5...
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...
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...
Find the equation of the tangent line to the curve when x has the given value. 7) f(x) = 4,x=5 8) f(x) = }x=3 11) Solve the problem. 11) The profit in dollars from the sale of thousand compact disc players is P(x) = x3 - 5x2 + 3x + 8. Find the marginal profit when the value of x is 6. 12) 12) Ir the price of a product is given by Px) E 1200, where x represents the...
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...
please help explain how to work these problems, Suppose a product's revenue function is given by R(q) = – 8q2 + 800q, where R(q) is in dollars and q is the number of units sold. Use the marginal revenue function to find the approximate revenue generated by selling the 39th unit. Marginal revenue = -624 ]* Preview dollars per unit Suppose a product's cost function is given by C(q) = -4q2 + 6000, where C(q) is in dollars and q...