57. Revenue Suppose the demand function for q units of a certain item is p = D(q) = 100 + In q 50 q > 1, where p is in dollars. (a) Find the marginal revenue. (b) Approximate the revenue from one more unit when 8 units are sold. (c) How might a manager use the information from part (b)? 58. Profit If the

Q: Suppose a product has a daily marginal revenue MR = 44 and a daily marginal cost MC = 20 + 1/5x…

A:

Q: 2. A bicycle manufacturer has a daily fixed cost of $1200 and a marginal cost of $150 per bike. a.…

A: Given fixed cost=$1200 Marginal cost (per bike)=$150

Q: The manufacturer of a product finds that the marginal revenue is MR(q) = 767 - 67q - 58q². Find the…

A:

Q: Suppose the demand function for a product is given by the function: D(q) = 0.011q + 37.4 Find the…

A: Given: The demand function is D(q)=-0.011q+37.4 To find: The consumer surplus corresponding to…

Q: 3. A company determined that the price-demand and cost functions for selling x units of a certain…

A:

Q: 4. A company finds that the total cost of manufacturing x units of a certain product is given by…

A: Let's find.

Q: Find the Consumer's Surplus corresponding to q=900 units. (Do no rounding of results until the very…

A:

Q: 2. A firm knows that its marginal cost for a product is MC MR = 3x + 20, that its marginal revenue…

A: In the question it is asked to calculate the optimum level of production, profit function, profit or…

Q: 6. The demand function for a product s modeled by p=bo0 - 2x, OEX< 300, where Ps the price per unit…

A:

Q: 2q² + 700q , where R(q) is in dollars and q Suppose a product's revenue function is given by R(q) is…

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Q: A manufacturer has a monthly fixed cost of $60,000 and a production cost of S10 for each unit…

A: The cost function, C(x) is calculated using the fixed cost, the number of unit sold and the…

Q: 3. The cost (in pesos) of producing x toys is given by 1.5x? + 200x + 4000, whi price (in pesos) of…

A:

Q: McRoberts Electronics sells 200 TVs per month at a price of $400 per unit. Market research indicates…

A: According to given, Total revenue is given by, R(x)= (200+x)(400-x) where x is the additional TVs…

Q: If C(x) = - )=1x²+ 3x +67 is the total cost of producing x units of a particular commodity and p(x)…

A:

Q: q° + 290q? and its cost function is given by ppose a company's revenue function is given by R(q) (q)…

A:

Q: The total revenue curve of a firm is R(q) = 40q – 12q² and its 400 average cost A(q) =9? – 12.85q +…

A:

Q: 4. The price-demand equation and the cost function for the production of 4K Tv's are given…

A:

Q: If the marginal revenue function for a manufactures product is MR = R' (Q) = 5+10(1+Q)°; find the…

A: .

Q: 4. A company finds that the total cost of manufacturing x units of a certain product is given by…

A: marginal profit

Q: The Total Cost of producing Things is given by: TC(q)=0.006q3-0.42q2+16q+43 dollars where q is the…

A: The given total cost is: TC(q)=0.006q3-0.42q2+16q+43 where q is the number of things.

Q: 16) The marginal revenue from the sale of x units of certain commodity is given by R'(x) = 100-…

A:

Q: 12. The total cost of producingx units of a certain commodity is given by C(x) = 20x² +100 a). Find…

A:

Q: (A) Find the exact cost of producing the 21st machine. Exact cost of 21st machine = (B) Use marginal…

A: Here n= 21 (No. of units) c(n)=c(21)=total cost of producing 21 machines c(n-1)=c(20)=total cost of…

Q: Suppose the demand function for a product is given by the function: D(q) - 0.015q + 34.5 Find the…

A:

Q: 3. The production cost, in dollars, per week of producing x bottles is given by: C(x) =…

A: To find out the marginal cost, marginal revenue, and marginal profit.

Q: 8. The production costs, in dollars, per week of producing x widgets is given by, 56, 000 C (x) =…

A:

Q: 12. Show that the general linear demand function D(p) = a - bp, where a and b are positive real…

A:

Q: A demand function for a product is P = 100 – 2.2Q and its supply function is P = 2.8Q, where P is…

A:

Q: us Econ 4.5.87 - 2200x A firm has the marginal-demand function D'(x) = Find the demand function…

A:

Q: 2 9. For the cost function C(x)= 500x+.01x+400 a) find the average cost function and find the demand…

A: Cost function C(x) = 500x + 0.01x2 + 400   Average cost function Ax = Total cost functionNumber of…

Q: 1) Suppose for a certain product, an analyst determines that the Marginal Profit function is P'(x) =…

A: GIVEN MARGINAL PROFIT FUNCTION,P'(X) = 64-0.016xFIXED COSTS = $ 50000

Q: The monthly demand function for x units of a product sold by a monopoly is p = 5,800 - dollars, and…

A: The given functions are: C(x)=3020x+2x2R(x)=5800x-1xx3

Q: A company has a price demand function P (x) = 150 − 3x for a certain product. What is the revenue…

A: The price demand function is provided as P(x) = 150 - 3x.The revenue function is given by,R(x) =…

Q: 2. Suppose that the marginal revenue for a product is MR = 900 and the marginal cost is MC = 30Vx +…

A:

Q: (9) The marginal profit from producing x units per day is given by P'(x) = 200 - 0.06x and P(0) = 0…

A: To find: The profit function P(x) and the profit on 10 units of production per day. Given…

Q: (c). Suppose that the revenue in dollars from the sale of x units of a product is given by = 7000xe¯…

A:

Q: pose that the marginal revenue function is MR(q) = 876 - 15q - 0.3q². Find D(* Je of the demand…

A:

Q: 15 Find the marginal-revenue function if the demand function is p = In (q + 3) dr %3D dq

A: TO FIND MARGINAL REVENUE FUNCTION 1.REVENUE r(q) = pq 2.substitute values and solve 3.MARGINAL…

Q: 3. When x thousand dollars are spent on labor and y thousand dollars on equipment, the output of a…

A:

Q: A demand function for a product is P = 100 – 2.2Q and its supply function is P = 2.8Q, where P is…

A: Solution

Q: 10. Suppose the marginal cost function for a month for a certain product is M = 5x + 60 where x is…

A:

Q: 5. A firm knows that its marginal cost for a product is MC production of 25 units is $3,000. 4x + 40…

A: MC=4x+10 , cost of production of 25 units is 3000

Q: 5. If the demand function of a good is P = J(1000 - 4Q) find the value of O which maximises total…

A: Topic = Algebra

Q: A manufacturer has a monthly fixed cost of $60,000 and a production cost of S10 for each unit…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Suppose the demand function for a product is given by 1 p = 5,000 – q q + 1 where p is in hundreds…

A: Given Demand function,  P=13ln5000-qq+1Differentiating with respect to q  dpdq=ddq13ln5000-qq+1…

Q: Help me please

A: By using integration.

Q: 8) The marginal cost for a product is MC = 4x + 50 dollars per unit, and the cost of producing 20…

A:

Q: IA product has demand function given by p(x) = 400 – 5x. Find the marginal revenue when x = 12

A:

Q: Suppose that the price p of a product and its demand x are related through the price-demand equation…

A: First, let us solve demand equation: So it is x in terms of p Let us find dxdp