A firm produces two types of sugar, A and B at a constant average cost of RM 2 and RM 3 per kilogram, respectively. The quantities, qa and qB ( in kilograms) of A and B that can be sold each week are given by the joint-demand functions 9A = 400(PB – PA) and qB = 400(9 + PA – 2P3) Pa and Pg are the selling prices in dollars per kilogram of A and B respectivelv.

Q: If, in a monopoly market, the demand function for a product is  p = 190 − 0.80x  and the revenue…

A: Given           Demand function , P = 190-0.8x           Rosenue function R = px           R = px…

Q: An automobile manufacturer finds that the demand equation of producing a certain product is p = 350…

A:

Q: If consumption is $3 billion when disposable income is $0, and if the marginal propensity to save is…

A: consumption= $3 billion disposable income= $0 ds/dy= 0.8+e^-(1.5y)

Q: The management of Lorimar Watch Company has determined that the daily marginal revenue function…

A:

Q: A manufacture has been selling 1800 television sets a week at $510 each. A market survey indicates…

A: *here, number of t.v. set sold = x demand function = p(x) Revenue = R(x) Profit function = P(x) Cost…

Q: A company determines that its demand function is given by p(q) = -0.6q+1190 and that its cost…

A:

Q: A bicycle dealer has found that if 10-speed bicycles are sold for æ dollars apiece and the price of…

A: The solution is given below:

Q: The demand function for a certain model of a ten-speed bicycle is given by p= D(r) = -0.001z + 250…

A:

Q: Suppose that a manufacturer produces two brands of a product, brand 1 and brand 2. Suppose the…

A:

Q: If, in a monopoly market, the demand function for a product is  p = 170 − 0.80x  and the revenue…

A:

Q: A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500…

A:

Q: Suppose it costs an appliance company $223 to manufacture each washer and $187 to manufacture each…

A: Given that cost of manufacturing for each washer is $223 and  cost of manufacturing for each dryers…

Q: A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of $2,500…

A: Given, Demand function is, q=360-pp=360-q Now, the Revenue function is, Rq=pq=360-qq=360q-q2…

Q: production of the t-shirts,and the production cost per unit is US$2.30. Company B also manufactures…

A:

Q: The management of Lorimar Watch Company has determined that the daily marginal revenue function…

A:

Q: A manufacture has been selling 1850 television sets a week at $510 each. A market survey indicates…

A:

Q: Suppose the supply function for concrete is given (in dollars) byS(q) = 100 + 3q3/2 + q5/2,and that…

A: The supply function for concrete is given (in dollars) by S(q) = 100 + 3q3/2 + q5/2 and that…

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

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

Q: Faced with two distinct demand functions Q, 16-0.5P, and Q, = 20-0.1P where TC= 100 + 20Q with Q =…

A: Given that: First we have to solve the demand equations for price We get,

Q: Find p1 and p2, the prices per unit (in dollars), so as to maximize the total revenue R = X1P1 +…

A:

Q: Given the demand function, P = 10 – 2Q and the %3D Total Cost function, TC = 40 + 3Q which is the…

A:

Q: The market for a particular consumer good has a demand function given by:  and supply given by: q =…

A: Find : In equilibrium, what is the consumer’s surplus

Q: The marginal revenue function of a company is MR = 6x2 – 40x +50, then the %3D | demand function is…

A: Marginal revenue is increase in revenue generated as a result of sale of one extra unit.

Q: A manufacturer can produce at most 110 units of a certain product each year. The demand equation…

A: Demand equation for the product, p=q2-100q+2400 and the average-cost function is c=23q2-45q+10000q…

Q: For the demand function Qd= a- bP and the supply function Qs=dP-c, using Cramer's rule, determine…

A: To determine the equilibrium proce and equilibrium quantity.

Q: Suppose that in a certain market the demand function for a product is given by 10p + q = 1,900 and…

A: Given that  Demand and supply functions are

Q: If, in a monopoly market, the demand function for a product is p = 150 − 0.10x and the revenue…

A: This is a problem related to maxima and minima of the function. Based on the general formula and…

Q: A company determines that its demand function is given by p(q) = -0.4q+ 1754 and that its cost…

A: p(q)=-0.4q+1754C(q)=62.97q+3515R(q)=1128000R(q)= q. p(q)R(q)=q (-0.4q+1754 )R(q)=-0.4q2+1754q

Q: A firm has approximated the average cost for one of its Products by AC = 3q +2. The demand function…

A: Given AC=3q+2--1and 3q=98-4p---2here q=output and p=pricenowTotal…

Q: Suppose that in a certain market the demand function for a product is given by 10p + q = 2,100 and…

A: Given demand function for a product is 10p+q=2100 and the supply function is 50p-q=1250 The…

Q: (b) Given the demand function P = 120 – 3Q, fixed cost, FC of 50 and variable cost, VC of 5 per unit…

A:

Q: The demand function for a certain product is p = V500 – 2q², where q is the quantity of the product…

A:

Q: A manufacture has been selling 2000 television sets a week at $390 each. A market survey indicates…

A: a) We are given the demand or price function when for 2000 Television i.e. p(2000)=390. if rebate of…

Q: Suppose the demand function D(x) = – 3x+7 and supply function S(x) =2x+2. Find consumer surplus at…

A:

Q: Roger is a manufacturer of bleach,  if his montly demand fuction for 750ml size is q=4000 * 250p and…

A:

Q: A commodity has a demand function modeled by  p = 25 − 0.5x, and a total cost function modeled by C…

A: The demand function is given by p = 25-0.5x…

Q: Find consumer's surplus at the market equilibrium point given that the demand function is p=V529 68x…

A:

Q: A manufacture has been selling 1700 television sets a week at $420 each. A market survey indicates…

A:

Q: When a wholesaler sold a product at $50 per unit, sales were 240 units per week. After a price…

A: Given: When a wholesaler sold a product at $50 per unit, sales were 240 units per week. After a…

Q: A manufacture has been selling 1200 television sets a week at $390 each. A market survey indicates…

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: It has fixed costs of $2625 related to the production of the t-shirts, and the production cost per…

A: Given: Fixed costs $2625 Production cost per unit $2.30 Sells t-shirts to retailer US$9.80 i Let the…

Q: If consumption is $8 billion when disposable income is $0, and if the marginal propensity to save is…

A:

Q: Find p1 and P2, the prices per unit (in dollars), so as to maximize the total revenue R = X1P1 +…

A:

Q: The cost of producing a vials of COVID-19 vaccine is given by 125, 000 C(x) = 20, 000 + 10 A…

A: Let C(x) be the cost function and p(x) be the price function for x units. Then the revenue function…

Q: Find the market equilibrium price for the demand function D(X) = 2x? – x + 6 And the supply function…

A:

Q: If, in a monopoly market, the demand function for a product is p = 190 − 0.50x and the revenue…

A: Given, p = 190 − 0.50x and R = px

Q: Given: (x is number of items) Demand function: d(x)=291.6−0.5x2 Supply function: s(x)=0.4x2 Find…

A:

Q: If, in a monopoly market, the demand function for a product is  p = 130 − 0.10x  and the revenue…

A:

Q: A manufacture has been selling 1550 television sets a week at $480 each. A market survey indicates…

A:

Rate of Change

The relation between two quantities which displays how much greater one quantity is than another is called ratio.

Slope

The change in the vertical distances is known as the rise and the change in the horizontal distances is known as the run. So, the rise divided by run is nothing but a slope value. It is calculated with simple algebraic equations as: