Question: 1- You own an apparel-producing company whose total revenue function is: TR=8Q-0.25,Q^2 a- Graph this function over the rage 0 b-find the derivative of this

1- You own an apparel-producing company whose total revenue function is: TR=8Q-0.25,Q^2

a- Graph this function over the rage 0

b-find the derivative of this function (dTR/dQ),which represent marginal revenue.

c-Find the average revenue function,TR(Q)/Q

d-Which is greater ,the slope of the marginal revenue curve or the average revenue curve?

e-What is the impact of an increase Q on the slope of the average revenue curve? Question 8 is below

1- You own an apparel-producing company whose total revenue function is: TR=8Q-0.25,Q^2a-

7. Consider a total cost function where q is the single argument such that TC(q) = 10 + 292 and q 2 0. Do you expect the slope of the marginal cost curve at any given point to be greater than or less than the slope of the average cost curve? What impact will an increase in output have on the slope of the average cost curve? 8. You own an apparel-producing company whose total revenue function is TR = 80 - 0.502. (a) Graph this function over the range 0 s Q - 6 to obtain an indication of the curvature of the function. (b) Find the derivative of this function (dTR/dQ), which represents marginal revenue. (c) Find the average revenue function, TR(Q)/Q. (d) Which is greater, the slope of the marginal revenue curve or the average rev- enue curve? (e) What is the impact of an increase in Q on the slope of the average revenue curve

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

The adiabatic exothermic irreversible gas-phase reaction, 2A+B C, is to be carried out in a flow reactor for an equimolar feed of A and B. A Levenspiel plot for this reaction is shown below: so0,000...

Instructions: Review the following memorandum and provide a response to the information requested. FROM: Senior Consultant TO: Consulting Team RE: Projections for Upcoming Year A smaller 2-year old...

Companies that adopt information technologies when their competitive potential has been demonstrated and are bug-free are called ______. Question 32 options: Late Adopters Majority companies Early...

I. Which of the following is correct? a) The pivot of the budget line shows the substitution effect while a slope gives the income effect. b) The pivot of the budget line shows the substitution...

IOE 419 Mark S. Daskin Service Operations Management IOE Department Winter, 2017 University of Michigan Problem set 4 DUE: MONDAY - February 20, 2017 Points: 100 points total Problem 1: Babette has...

There are 10 potential entrants into the market for tomatoes. All tomato growers are identical. They face a fixed cost of 500 if they choose to enter the market and then have a marginal cost of 10...

*A student has 517000 in student Loans. The loans are to be repaid over 10 years at a rate of 4.?596. Assume the payments are made at the end of each month. a) What type of Problem is this? b] How...

hh explain111 2. Use the geometric series formula to express the present value of payments through p, T and rm, where I'm is the monthly interest rate. Plug in the numeric value for p, 7 and put this...

0 Question 1 [3 0/1 pt '0 3 23 99 (9 Details The total cost, in dollars, to produce q items is given by the function C(q) = 56,000 + 21.40q . Find the total cost of producing 600 items. 5 Find the...

d. ATC'(Q) for the average total cost function ATC(Q) = Q2 - 75Q + 2000 + 2000 e. f' (x) for the function f (x) = (axb+ cxd)w (exf+gach) 3. Using the chain rule, find expressions for a. f'(x) for the...

37. This question is a sequel to Question 35 from Problem Set #9. So you don't have to look it up, the following table shows prices and corresponding estimates of quantity demanded for a firm's...

A large turntable (a merry-go-round) is able to rotate with friction about a fixed vertical axis through its center. The moment of inertia of the turntable about this axis is 1110 kgm2 . A daring...

Rationalize the following observations. (a) Serine is the amino acid residue that can be replaced with the least effect on protein structure and function. (b) Replacement of tryptophan causes the...

Which of the following factors does NOT influence risk of MODS?malnutritionseverity of tissue injury age under 2 0 years obesity

A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows: Year Cash Flow 0 $ 27,200 1 11,200 2 14,200 3 10,200 What is the...