Question: Please help solve? Suppose a company's revenue function is given by R(q) = -q + 260q and its cost function is given by C(q) =

Please help solve? Suppose a company's revenue function is given by

Please help solve?

Suppose a company's revenue function is given by R(q) = -q + 260q and its cost function is given by C(q) = 440 + 14q, where q is hundreds of units sold/produced, while R(q) and C(q) are in total dollars of revenue and cost, respectively. A) Find a simplified expression for the marginal profit function. (Be sure to use the proper variable in your answer.) MP(q) = B) How many items (in hundreds) need to be sold to maximize profits? Answer: hundred units must be sold. (Round to two decimal places.)

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!

Suppose a company s revenue function is given by R q q 210q and its cost function is given by C q 410 19g where g is hundreds of units sold produced while R q and C q are in total dollars of revenue...

Suppose a company s revenue function is given by R q q 390g and its cost function is given by C q 350 12g where g is hundreds of units sold produced while R q and C q are in total dollars of revenue...

QUES 1 Students in Bangladesh have demand for economics textbook given by Q= 50 - P.students in the US have demand for same text given by Q = 90 - P. text can be printed and shipped to either country...

. Question 9 Glorious Gadgets is a retailer of astronomy equipment. They purchase equipment from a supplier and then sell it to customers in their store. The function O(x) = 4x + 12000x] + 6000...

Question 1 0/6 pts ) 4 99 0 Details For the given cost function C(a) = 40000 + 600x + x find: a) The cost at the production level 1550 b) The average cost at the production level 1550 c) The marginal...

Plz give step. 2.7 .Question 3 6 0/1 pt O 2 # 99 0 Details Given the function g(x) = 8x - 84x' + 240x, find the first derivative, g'(I). Notice that g'(x) = 0 when z = 2, that is, g'(2) = 0. Now, we...

Hi, kindly help me to answer below questions 3 and 5. Thanks! QUESTION 3 a) Find derivatives of the following functions i. Find ifs = (7+9)(#-9). (2.5 marks) ii. Find - if R(x) = 70x' +71x 2x + 2...

3. Suppose a company has demand function given by q = 560 - 7p and a cost function C(q) = 2300 + 109. (25 marks) a. At what price the profit is maximized? And graph the quadratic function. b. At what...

Question 6 0/2 pts ) 4 99 0 Details A baseball team plays in a stadium that holds 52000 spectators. With the ticket price at $12 the average attendance has been 19000. When the price dropped to $9,...

Please answer all parts Suppose a company's revenue function is given by R(q) = -q + 300q and its cost function is given by C(q) = 500 + 11q, where q is hundreds of units sold/produced, while R(q)...

Ammonia is produced by the reaction of nitrogen and hydrogen: N2(g) + H2(g) NH3(g) (a) Balance the chemical equation. (b) Calculate the mass of ammonia produced when 35.0g of nitrogen reacts with...

A nonprofit organization received the following donations and grants in the year 2022: Cash donations: $20,000 In-kind donations: $5,000 (valued at fair market value) Grant received for a specific...

Question 2 ( 1 point ) The public cloud provides complete control over user experience. True False

Q. Construct a Circular queue, insert 10 items using static insertion and also delete the first 3 items then show the result.

2. The position and momentum of a 1.0 Kev electron are simultaneously determined. If the position is located to within 0.1 nm, what is the percentage of its uncertainty in momentum?

A ball of mass m = 7.8 kg, attached to the pole using a string of length L = 1.31 m, is smacked so that it goes in a circle around as shown below and in this video...

Having a successful IPO (initial public offering) of company stock depends on accurately determining the companys value and correctly assessing economic and market conditions. For this discussion,...

Q. Construct a binary search tree with the below information Insert 10, 4, 3, 5, 11, 12. Show result in pre, in, and post order.

Tori and some other childeen experimented with balls to see which ones rolled. First using a piece of cardboard to use as a ramp, they angled it on a block to the floor to test the balls. Then Tori...

Parent Ltd acquires $75 \%$ of the shares in Siblings Together Ltd. Statements of financial position are then drafted immediately. You are to draw up the consolidated statement of financial position....

Parents United Ltd acquires $95 \%$ of the shares of Son and Friends Ltd. The following statements of financial position are then drafted. You are to draw up the consolidated statement of financial...

A After Pop and Mum Ltd acquired 75% of the shares of Sons and Cousins Ltd the following statements of financial position are drawn up. You are to draw up the consolidated statement of financial...