Question: (a) Graph the marginal revenue function from Problem 4. (b) Determine the number of units that must be sold to maximize total revenue. (c) What

(a) Graph the marginal revenue function from Problem 4.
(b) Determine the number of units that must be sold to maximize total revenue.
(c) What is the maximum revenue?
Total revenue is in dollars and x is the number of units.

Step by Step Solution

★★★★★

3.45 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Rx 25 010x b Maximum oc... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1386-M-C-L-A-D(3969).docx

120 KBs Word File

Students Have Also Explored These Related Calculus Questions!

(a) Graph the marginal revenue function from Problem 3. (b) At what value of x will total revenue be maximized for Problem 3. (c) What is the maximum revenue? Total revenue is in dollars and x is the...

In Section 4.7 we defined the marginal revenue function R'(x) as the derivative of the revenue function R(x), where x is the number of units sold. What does represent? 1000 K(x) dx

A store manager estimates that the demand for an energy drink decreases with increasing price according to the function d(p) = 100/p 2 + 1, which means that at price p (in dollars), d(p) units can be...

please help solve and explain (2. 3 1 If total costs are c ( x) = 500+ 440x and total revenues are R (X) = 500x - X2, Find the break- even points. ( Enter your answers as a comma - seperated list!) X...

Q1. A company has an inverse demand function p = 8 - 0.004Q, and a total cost function TC = Q + 0.006Q2. (p is in dollars, and Q is in thousands of units). a. What is the optimal price p* and...

A note card company has found that the marginal cost per card of producing x note cards is given by the function below, where C'(x) is the marginal cost, in cents, per card. Find the total cost 0'...

Show all work please step by step, thank you. 2. (6% each part) Suppose we have opened a catfish hot dog stand at the mall which will be open 4 hours per day. We are test marketing our sales at...

Study Plan Practice - Mohamed Mohamed - Google Chrome X...

:Help me answer the following. Suppose there are two types of used cars: peaches and lemons. A peach is worth $3000 to a buyer and $1900 to a seller. A lemon, on the other hand, is worth $1000 to a...

This is a homework assignment from my Spreadsheet Accounting class I forgot to hand in. Help please? Word File Edit View Insert Format Tools Table Window Help Sat 5:16 PM Q E AutoSave . OFF...

Marlow Company acquired 40 percent of the voting shares of Brown Company on January 1, 20X8, for $85,000. The following results are reported for Brown Company: Required Give all journal entries...

ces As the accounting technician for Jones Landscaping, calculate inventory turnover at retail and inventory turnover at cost based on the following. Note: Round your answers to the nearest cent. Net...

A conservative firm will choose to have Multiple choice question. high asset liquidity and long - term financing. low asset liquidity and short - term financing. low asset liquidity and long - term...

9. Which is more likely to lead to long-run economic growth: investment in physical capital or investment in human capital? LO 15.7 MEDIUM

An article in Air and Waste (Update on Ozone Trends in Californias South Coast Air Basin, Vol. 43, 1993) studied the ozone levels on the South Coast air basin of California for the years 19761991....

An article in the Journal of Applied Polymer Science (Vol. 56, pp. 471476, 1995) studied the effect of the mole ratio of sebacic acid on the intrinsic viscosity of co-polyesters. The data follow: (a)...

Suppose that we have n pairs of observations (xi, yi) such that the sample correlation coefficient r is unity (approximately). Now let zi = y2i and consider the sample correlation coefficient for the...

An advertisement for the Value-For-Your-Money supermarket claims that customer service is rated 9.8 (out of 10). A disgruntled customer disagrees with this claim. The customer randomly selected a...

Steve and Kelly own a single - family home insured under an Insurance Services Office ( ISO ) Homeowners 3 Special Form ( HO - 3 ) policy. One evening, a fire destroys the home s living room and...

As discussed in class, riding circuit on horseback is the historical term that led to the current name for these courts: Multiple Choice State trial courts State supreme courts Federal appellate...