Suppose the revenue (in dollars) from the sale of x units of a product is given by
Question:
Find the marginal revenue when 49 units are sold. Interpret your result.
Transcribed Image Text:
60x? + 74x R(x) = %3D 2х + 2
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Rx 60x 2 74x 2x 2 The revenue ...View the full answer
Answered By
Sandhya Sharma
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
119+ Reviews
214+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
The daily profit from the sale of x units of a product is P = 80x - 0.4x2 - 200 dollars. (a) What level of production maximizes profit? (b) What is the maximum possible profit?
-
The revenue from the sale of x units of a product is R = 15(3x + 1)-1 + 50x - 15 dollars Find the marginal revenue when 40 units are sold. Interpret your result.
-
The manager of a small company that produces roof tile has determined that the total cost in dollars, C(x), of producing x units of tile is given by C(x) = 200x + 1000, while the revenue in dollars,...
-
The light bulbs produced by Edison Lighting Corporation last an average of 300 h. The life of the light bulbs is believed to follow a normal distribution with a standard deviation of 10. A customer...
-
If you are riding on a train that speed past another train moving in the same direction on an adjacent track, it appears that the other train is moving backward. Why?
-
2. List the functions and benefits of a multi-service Inventory Management Software System. bas SH 3. List five characteristics of an inventory manager and write a brief statement about the one...
-
Find the value of the frequency at which the imaginary component of the harmonic response of a viscously damped single-degree-of-freedom system (from \(X\) in Eq. (3.54)) attains a minimum. Equation...
-
Vastine Medical, Inc., is considering replacing its existing computer system, which was purchased 2 years ago at a cost of $325,000. The system can be sold today for $200,000. It is being depreciated...
-
A sinusoidally oscillating current () with an amplitude of 2.55A and a frequency of 463cycles per second is carried by a long, straight wire. A rectangular loop of copper wire with dimensions =9.18cm...
-
On 1 July 2013 Donald Ltd acquired all of the share capital (cum div) of Duck Limited for a consideration of $600,000 cash and a brand that was held in their accounts at a fair value of $50,000. Duck...
-
1. If the cost C (in dollars) of removing p percent of the particulate pollution from the exhaust gases at an industrial site is given by C(p) = 8100p / 100 - p find the rate of change of C with...
-
The revenue (in dollars) from the sale of x units of a product is given by Find the marginal revenue when 149 units are sold. Interpret your result. + 80x 1500 2x + 2 3000 R(x)
-
What are the sources of equity (fund capital) to not-for-profit businesses?
-
A company projects an increase in net income of $30,000 each year for the next five years if it invests $300,000 in new equipment. The equipment has a five-year life and an estimated salvage value of...
-
STS plc collects waste from houses, offices and factories. Most of the waste is burned to produce heat and electricity for the companys own use. This saves costs and reduces the impact on the...
-
The standard variable overhead rate for Unbeatable Toys is $5. Budgeted fixed overhead is $20,000. Unbeatable Toys' budgeted production was 2,000 units for the current period and actual production...
-
A solid sphere that is uniformly positively charged produces an electric field. Assume no other objects are around. What is the magnitude of the electric field a distance r from the center of the...
-
The uniform meterstick has an object with mass 800 grams hanging at the 15cm mark and an object with mass 350 grams at the 70cm mark. It balances horizontally on a pivot placed at the 35cm mark. What...
-
Consider the cost allocation system used at Sandia Custom Furniture and illustrated in Exhibit 6.9 . Required The system is referred to as a two-stage cost allocation system, because:a. There are two...
-
Explain the circumstances that could result in a long-term bank loan being shown in a statement of financial position as a current liability.
-
A study is being made of the failures of an electronic component. There are four types of failures possible and two mounting positions for the device. The following data have been taken: Would you...
-
A random sample of students is asked their opinions on a proposed core curriculum change. The results are as follows. Test the hypothesis that opinion on the change is independent of class standing....
-
A manufacturer of semiconductor devices takes a random sample of size n of chips and tests them, classifying each chip as defective or non-defective. Let Xi = 0 if the chip is non-defective and Xi =...
-
A project that costs $4,450 to install will provide annual cash flows of $1,500 for each of the next 6 years. a. What is NPV if the discount rate is 11%? b. How high can the discount rate be before...
-
Prove MM1: Both Umbrella Inc. and Prixxa Inc. produce $300,000 of cash flow each year. Umbrella has no debt outstanding, and its cost of equity capital is 14 percent. But Prixxa has 1,000,000 depts...
-
How did they find the over head rate percentages for current year and last year? A job order cost sheet for Cullumber Company is shown below. Job No. 92 For 2,000 Units Date Direct Materials Direct...
Study smarter with the SolutionInn App