In Problem, total revenue is in dollars and x is the number of units Suppose that the total revenue function for a commodity is R(x) 44x 0 05x 2 (a) Find R(50) and tell what it represents (b) Find the marginal revenue function (c) Find the marginal revenue at x 50 and tell what it predicts about th...

Rx 44x 005x 2 a R50 2200 0052500 2075 This represents the revenue f ...

In Problem, total revenue is in dollars and x is the number of units. Suppose that the

Question:

In Problem, total revenue is in dollars and x is the number of units.

Suppose that the total revenue function for a commodity is R(x) = 44x - 0.05x².

(a) Find R(50) and tell what it represents.

(b) Find the marginal revenue function.

(d) Find R(51) - R(50) and explain what this value represents.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Oct 29, 2020 06:39 AM

See More Questions

Suppose that the total revenue function for a commodity is R = 36x - 0.01x2. (a) Find R(100) and tell what it represents. (b) Find the marginal revenue function. (c) Find the marginal revenue at x =...
Suppose that the total revenue function for a commodity is R(x) = 25x - 0.05x2. (a) Find R(50) and tell what it represents. (b) Find the marginal revenue function. (c) Find the marginal revenue at x...
Cost is in dollars and x is the number of units. Find the marginal cost functions for the given cost functions. 1. C(x) = 40 + 8x 2. C(x) = 200 + 16x 3. C(x) = 500 + 13x + x2 4. C(x) = 300 + 10x +...
When are objects on the periphery of your vision most noticeable?
Why does the marginal cost curve intersect the average variable and average total cost curves at their respective minimum points?
Which curve has the greater length on the interval [-1, 1], y = 1 - x 2 or y = cos(x/2)?
The motion of a liquid in an open tank is that of a combined vortex consisting of a forced vortex for $0 \leq r \leq 2 \mathrm{ft}$ and a free vortex for $r>2 \mathrm{ft}$. The velocity profile...
Gila Corporation earned $2,650,000 during 2014. The company had an average of 520,000 shares of common stock outstanding. The average market price of common stock was $32 per share during the year....
What are the relative pathnames of etc and bandicoot if you're in Continents based on the given file system hierarchy?
In each case, determine the problem and fix the errors. After you correct the errors, save each file using the same filename preceded with Fix. For example, DebugOne1.java will become...
In Problem, for each given function, find the average rate of change over each specified interval. For f (x) given in the table, over (a) [3, 3.5] and (b) [2, 6] X 1 2 3 3.5 3.7 6. f(x) 40 25 18 15...
In Problem, find the second derivative. h(x) = x 2 - 1/x 2
Determine which are probability density functions and justify your answer. In (1+ In 2) In 2 f(x) = 2* over 0,-
Giovanni is planning to purchase an Australian Treasury bond with a coupon rate ( j 2 ) of 4.48% and face value of $100. The maturity date of the bond is 15 May 2033. Giovanni's bond matures at par....
Once you have analyzed your business data, there are two questions the article by Walter (2014) recommends considering when evaluating correlations in the data: "How confident are you in the...
3. Suppose that MIPS had a set greater than or equal instruction with the mneumonic sge. Such an instruction might look like this. sge Rd, Rs, Rt We would define this instruction to mean: Rd= (Rs >=...
Bond valuation - Quarterly interest Calculate the value of a $ 5 0 0 par - value bond paying quarterly interest at an annual coupon interest rate of 8 % and having 1 4 and having 1 1 % annual rate....
Mountain Country Inc. sells an Xpert skateboard that is popular with skateboard enthusiasts. The following information shows Mountain Country's purchases and sales of Xpert skateboards during...
On January 1, 2018, Ackerman sold equipment to Brannigan (a wholly owned subsidiary) for $200,000 in cash. The equipment had originally cost $180,000 but had a book value of only $110,000 when...
Write a paper detailing a geographic information system (GIS) of your own design that would utilize data in an original manner.
What is the sensitivity of the test for this cutoff point? Orthopedics A study was conducted of a diagnostic test (the FAIR test, i.e., hip flexion, adduction, and internal rotation) used to identify...
What is the specificity of the test for this cutoff point? Orthopedics A study was conducted of a diagnostic test (the FAIR test, i.e., hip flexion, adduction, and internal rotation) used to identify...
Suppose that 70% of the participants who are referred to an orthopedist who specializes in PS will actually have the condition. If a test score of 1.86 ms is obtained for a participant, then what is...
What is the minimum quantity firms need to sell in order to start earning profit given insurance costs of $50,000, materials o per unit, and break even quantity is 1500?
Assume a 10% discount rate and compute the present value of Rs. 1100, Rs.900, Rs.1500 andRs.700 received at the end of 1-4 years In the above sum if the amounts are received at the beginning of the...
Recall that an FX rate XXXYYY = Bid/Offer gives the rate of YYY per XXX. You can buy XXX/sell YYY at the offer price and sell XXX/buy YYY at the bid price. EURUSD is trading at 1.4760/1.4763 USDJPY...

In Problem, total revenue is in dollars and x is the number of units. Suppose that the

Question:

Step by Step Answer:

Rx 44x 005x 2 a R50 2200 0052500 2075 This represents the revenue f...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

Students also viewed these Mathematics questions