Question: show all working...please finish as soon as possible Question 4 A Book Shop and Stationery Center specializes in the sale of calculators to community college

show all working...please finish as soon as possible

Question 4 A Book Shop and Stationery Center specializes in the sale of calculators to community college students. The demand function for calculators is p = 2x +10x +1000 dollars. For the same company the average cost function is given as: c = 2x +36x - 1600- 20 dollars Where p is the price in dollars and x represents units of output. i. Determine the revenue function ii. Determine the cost function iii. Determine the profit function iv. Find output that will maximize profit. v. Find the maximum profit (2 marks) (2 marks)

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 Finance Questions!

Financial statement information about four different companies is as follows. Instructions a. Determine the missing amounts. (Hint: For example, to solve for (a), Assets Liabilities = Stockholders'...

Yeayyy.com: venturing into mobile app business Gearing up for the future Yeayyy.com was incorporated as a private limited company in February 2010. Its office was located in Bandar Baru Bangi,...

Please answer me page 51 to page 56 on the attachment. is a multiple choice questions. Thank you FAC1502/101/3/2016 Tutorial letter 101/3/2016 Financial accounting concepts, principles and procedures...

Due Week 4: Work Breakdown Structure According to the PMBOK Guide, "the WBS is a deliverableoriented hierarchical decomposition of the work to be executed by the project team, to accomplish the...

Please read the questions Question: In your own words, describe the two orientations that schools can develop, Intercultural Orientation and Assimilationist Orientation. Provide an example...

Please read the questions Question: Please explain in your own words, what transformative pedagogy is. Also, describe the ways in which you can include students' cultures and languages in a lesson...

Can you please help me answer two questions based on the readings below. 1 How would you contrast the mainstream economics view of consumer behavior in 9.3, with the demand curve in general, and also...

Please read the questions Question: In your own words, describe the two orientations that schools can develop, Intercultural Orientation and Assimilationist Orientation. Provide an example...

Confirming Pages C H A P T E R 19 Analyzing Information and Writing Reports Chapter Outline Using Your Time Efficiently Analyzing Data and Information for Reports Identifying the Source of the Data...

The amount of denim used daily by the Southwest Apparel Company in its manufacturing process to make jeans is normally distributed with an average of 4000 yards of denim and a standard deviation of...

Question 1: What indicators would you use to measure BHP Billitons corporate governance performance? Question 2: What is the link between BHP Billitons strategy drivers and the companys corporate...

Question Workspace Check My Work eBook A firm has been experiencing low profitability in recent years. Perform an analysis of the firm's financial position using the DuPont equation. The firm has no...

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

(Appendices) Select a commonly used product, such as gasoline or milk, and track the prices of this product over a 20-year period by creating a line graph. Explain price increases and decreases based...

(Appendices) ADJUSTING ENTRY AND PREPARATION OF FINANCIAL STATEMENTS. Michaels Hardware has the following unadjusted trial balance at the end of 19x3: The following data are also available for...

(Appendices) PRESENTATION OF SALES REVENUE AND COST OF GOODS SOLD. The accountant for Sneva, Inc., collected the following data for 19x: LO3 REQUIRED: Assume that Sneva uses the periodic system and...