Q: A small tie shop finds that at a sales level of x ties per day its marginal profit is MP(x) dollars…
A: Given:MP(x)=1.60+0.10x-0.0012x2Now,MP(x)=P'(x)Thus,P'(x)=∫(1.60+0.10x-0.0012x2)dxP'(x)=1.60x+0.05x2-…
Q: If the marginal revenue (in dollars per unit) for a month for a commodity is MR = -0.6x + 41, find…
A: Marginal revenue(MR) is the change in the Total Revenue(TR) on account of the sale of an additional…
Q: Suppose the market 4 carat is competitive a typical farmer has a cost function of C=2q3-18q2+1,000q…
A: For a competitive firm, prices are given to it. And it produces the output where P=MC.
Q: Blivets and p is measured in dollars. We Get Total revenue(measured in thousands of dollars)…
A: NOTE : Since there are multiple sub parts of the question, we shall solve the first three sub parts…
Q: Suppose firm A charges $10 for its product. The marginal cost of producing each unit of the product…
A: Marginal cost is the additional cost incurred in order to produce an additional unit of output.
Q: If the marginal revenue is greater than the marginal cost at a certain level of production, then the…
A: Marginal revenue is the amount of extra revenue that might be made by selling just one more unit of…
Q: Find the demand function for the marginal revenue function. Recall that if no items are sold, the…
A: Given Marginal Revenue function is R'(x) = 0.06x2 - 0.09x + 186 Integrate both side C is…
Q: SANUMARC produces fingerlings for sell. The quantity x (kg) of these fingerlings demanded each week…
A:
Q: Nousaku estimates that the total daily revenue of producing q units of KAGO basket is (R(q) = (102 -…
A: Marginal revenue means the additional revenue earned from selling an additional unit of a good by a…
Q: Q1. A sole producer has a marginal revenue function given by: dTR = 100 – 3Q² %3D OP Is demand…
A: We are going to use the relationship between Marginal revenue and elasticity to solve a question…
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A: Profit is the difference between total revenue and total cost. Marginal profit is the additional…
Q: The total revenue curve of a firm is R (q) = 40q - 12q2 and its average cost A(q) = 1/30q2 - 12.85q…
A: Total revenue, R (q) = 40q - 12q2 Average cost, A(q) = 1/30q2 - 12.85q +20 + 400/q
Q: (a) The revenue from selling q items is R(q) = 50q - q 2 and the total cost is C(q) = 15 + 10q i.…
A: Given: R(q) = 50q - q2C(q) = 15 + 10q (i) Fixed cost is that component of total cost function that…
Q: A firm has marginal revenue MR(x)=3x and marginal cost AC(x)=1/3x^2 Find the profit obtained by the…
A: Marginal revenue refers to change in total revenue after increase in one more unit of output sold or…
Q: Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The total revenue function is :- 40Q3 - 3Q2 + 64Q - 100 Find the marginal revenue function
A: We are having the total revenue function which is as follows:- 40Q3 - 3Q2 + 64Q - 100 We have to…
Q: If price per unit is $21 and output is 16 units What will be the total revenue the firm will…
A: The information being given is:- Price per unit = $21 Output = 16 units Total revenue is to be…
Q: A firm operates two plants. The total cost schedules for the respective plants are TC1 = 5*Q1 +…
A: please find the answer below.
Q: Suppose that the marginal revenue for a product is MR = 775 and the marginal cost is MC = 39 times…
A: The following information is given: Marginal revenue MR = 775, Fixed cost = $906, Quantity = 3…
Q: A company is the sole producer of holographic TVs. The daily demand for these TVs is Q=10,200 -…
A: A company is the sole producer of holographic TVs. The daily demand for these TVs is…
Q: If total revenue is R =50Q-2Q2. At what value of Q will marginal revenue be 18?
A: R =50Q-2Q2. 18= 50Q- -2(2Q) 18= 50Q - 4Q 18= 44 Q Q= 44/18 Q= 2.44
Q: A. Express the price p as a function of the demand x, and find the domain of this function. B. Find…
A: Step 1:
Q: suppose that input prices are (w, r) >> 0 as before, and p > 0 is the price of the output good Y.…
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Q: The total Revenue curve of a firm is R(q) = 40q -12q^2 and its average cost A(q) = 1/30q^2 – 12.85q…
A: Given Total Revenue (TR) = 40q - 12q2 Average Cost (AC) = (1/30)q2 - 12.85q + 20 + 400/q
Q: Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its…
A: a.) The optimal level of production can be calculated as follows: 73-6x=2x+258x=48x=6 Thus, the…
Q: A firm's production function is y = x10.3x2. w1 = 6 and w2 = 6. Output is sold at a price of $10 per…
A: Profit is maximized when marginal product of input is equal to ratio of price of input and price of…
Q: Given cost and price (demand) functions C(q)= 110q + 44,600 and p(g) = - 2q + 860, what is the…
A: The increase in income that occurs from the sale of one additional unit of output is known as…
Q: If the demand for a particular commodity is p=-0.09x+51 the total cost function,…
A: 1. The revenue is obtained by multiplying the price with quantity in the market. The price in this…
Q: A profit-maximizing firm's total cost is given by C = 50 + 25Q where Q is the quantity produced.…
A: Total revenue is price multiplied by quantity. Variable cost is the cost that depends on output, it…
Q: Consider with the cost function producing a single good with the cost function {.. 5, If A = 0 C(A)…
A: Fixed cost is the cost which doesn't change with the level of output. And sunk cost is the cost…
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A:
Q: Suppose a profit-maximizing price taker had a marginal cost function given by: MC = 10 +2q. %3D…
A: Here we calculate the producer surplus by using the given Marginal Cost function, so the calculation…
Q: The cost function for the manufacture of x number of goods by a company is C(x) = xvx³ - 10x² +…
A: a.) To find the level of output at which the cost is minimum, find the first-order condition by…
Q: The marginal cost of production of a firm is given as C'(Q) = 5+ 0.13Q. Also, the marginal revenue…
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Q: The total revenue curve of a firm is R(q) = 40q − 12q2 and its average cost A(q) = 1/30q2 − 12.85q +…
A: Solution - Given in the Question - Total Revenue curve of a firm R(q) = 40q -12q2…
Q: A firm's profit is determined by subtracting the cost of production from its revenues. Suppose we…
A: Given, Binjin Company sells pins at price p=45Cost Function : C9y)=y3-9y2+60y+10, y≥0 The Firms…
Q: The cost, in dollars, to produce x designer dog leashes is C(x) R(x) = 7x + 10, and the revenue…
A: Profit = TR - TC Where TR = Total Revenue TC = Total Cost Profit = -3x2 + 55x - 7x - 10 Profit =…
Q: A firm faces the demand schedule p = 120-3q and the total cost schedule TC = 120 + 36q+1.2q² a.…
A: We have given demand curve p=120-3q And total cost, TC = 120+36q + 1.2q2
Q: The marginal revenue MR =800-6q and the average cost function AC=5+300/q.Find the profit when 10…
A: Given: Marginal Revenue MR = 800-6q Average Cost Function AC=5+300/q Q=10
Q: The marginal revenue from the sale of x bottles of fancy sparkling water is given by R' (x) 84 0.03…
A: Given,Total revenue is the multiplication of price per unit and quantity of goods. After integrating…
Q: Consider the total revenue function, TR = 53 + 8Q + 6Q^2 Find the marginal revenue (MR) at Q= 6.
A: When a firm develops its total revenue function, it can use this function to compute other…
Q: a company's marginal revenue is greater than its marginal cost, then the company should
A: Marginal revenue is the additional revenue earned when an extra unit is sold.
Q: If a firm's marginal revenue is below its marginal cost, an increase in production will usually: a.…
A: Marginal cost (MC): - it is the additional cost incurred due to the production of additional units…
Q: Your college newspaper, The Collegiate Investigator, sells for 90¢ per copy. The cost of producing x…
A: C (x) = 10 + 0.10x +0.001x2 Price = 90 cents Total Revenue (TR) = Price * Quantity TR = 0.90 x
Q: Find the demand function for the marginal revenue function. Recall that if no items are sold, the…
A: The equation is given: R'(x) = 0.3x2 - 0.05x + 206
Q: If the marginal revenue in dollars per unit for a month is given by MR= −0.04x + 36, find the total…
A: Total revenue (TR) function can be derived by using the following formula.
Q: A firm's demand function for a certain good is given by P=100e1. Its total cost function is…
A: A firm's output is maximized at the point where: Marginal Revenue (MR)=Marginal Cost (MC) MC curve…
Q: The marginal revenue function for a manufacturer's is a of form (a)/(e^(q)+b) where a and b are…
A: he marginal revenue function for a manufacturer's is a of form (a)/(e^(q)+b) where a and b are…
Q: For a firm’s product, the demand function is p =72−0.04q and the average cost function is i. ¯ c =…
A: In production and cost scenario, a firm will maximize its profit by market demand function and cost…
If the marginal revenue is MR=26-Q , find the highest level of production (Q) of the firm
when its total revenue is 70 dollar.
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Solved in 3 steps
- Suppose a product's revenue function is given by R(q)=−5q^2+800q , where R(q)is in dollars and qq is units sold.Find a numeric value for the marginal revenue at 20 units, and record your result in the box below.The Marginal Revenue MR(20)=If total revenue is R =50Q-2Q2. At what value of Q will marginal revenue be 18?The total Revenue curve of a firm is R(q) = 40q -12q^2 and its average cost A(q) = 1/30q^2 – 12.85q + 20 + 400/q, where q is the firm’s output. (i) Determine the level of output for which the firm's profit is maximized (ii) What is the firm’s maximum profit?
- The total revenue curve of a firm is R(q) = 40q − 12q^2 and its average cost A(q) =1/30q^2− 12.85q + 20 + 400/q ,where q is the firms output. (I) Determine the level of output for which the firm's profit is maximized. (ii) What is the firm's maximum profit?A demand function of a company is given by the equation P= 6.51 - ln(Q) (A) Find the total revenue (TR) (B) Find the marginal revenue (MR) (C) Determine the output Q at which TR is a maximumSANUMARC produces fingerlings for sell. The quantity x (kg) of these fingerlings demanded each week is related to the wholesale unit price p by the equation P = − 0.006x + 180 The weekly total cost incurred by SANUMARC for producing x kgs of fingerlings is C(x) = 0.000002x3 – 0.02x2 + 120x + 60,00 a. Find the marginal cost function C, b. Find the marginal revenue function R’ and the marginal profit function P’ c. Compute P’(2000) and interpret the results.
- The total revenue curve of a firm is R (q) = 40q - 12q2 and its average cost A(q) = 1/30q2 - 12.85q +20 + 400/q, where q is the firm's output (1) Derive an expression Π (q) for the firm's profit functionAssume that a firm’s marginal revenue curve intersects the rising portion of its marginal cost curve at 500 units of output. At this output level, a profit-maximizing firm’s total cost of production is $1,000. If the price of the product is $5 per unit, the total revenue earned by the firm will be:Given Cost and Price (demand) functions C(q)=120q+45000 and p(q)=−2.8q+900, what is the marginal revenue when costs are $80,000? The marginal revenue is ____dollars per item.
- Given a firms demand function Q-90+2P=0 and it's average cost function AC=Q²-8Q+57+2/Q. Find the level of output which maximises marginal cost.The total revenue curve of a firm is R (q) = 40q - 12q2 and its average cost A(q) = 1/30q2 - 12.85q +20 + 400/q, where q is the firm's output (1) What is the firm's maximum profitSuppose the revenue (in dollars) from the sale of x units of a product is given by R(x) = 56x2 + 65x 2x + 2 . Find the marginal revenue when 25 units are sold. (Round your answer to the nearest dollar.)$ Interpret your result. When 25 units are sold, the projected revenue from the sale of unit 26 would be $ .