Q: Find total revenue if the price function is P=4Q-500
A: Given: Price function is: P=4Q-500 Where, P is the price of a good Q is quantity of a good
Q: The demand function p=2000-3q2 and total cost C=2q2+800. Find the price that maximizes profit.
A: The profit function is given by, π(q)=p*q-C(q)=(2000-3q2)q-2q2-800=2000q-2q2-3q3-800 First order…
Q: An exclusive Yoghurt manufacturer sells 4,000 gallons per month at a price of GHS 40 each. When the…
A: revenue = price* quantity sell
Q: When average total cost is at its minimum a.marginal cost is equal to average fixed cost. b.average…
A:
Q: Total revenue (TR) is equal to
A: Total revenue is the product of the market prices(P) and quntity sold(Q).
Q: Find the value of the profit when the total revenue is $65 billion and total cost is $25 billion?
A:
Q: Suppose a firm has the following demand and cost functions (ATTACHED) A. Calculate the profit…
A: Total revenue refers to the revenue a firm generates from sales at various levels of output.…
Q: The second unit of a good gives less satisfaction to a consumer. This is clearly a case of…
A: The second unit of a good gives less satisfaction to a consumer. This is clearly a case of…
Q: Find output produced by the firm if total revenue is $4000 and the average revenue is $80
A: The data presented in the question above is:- Total revenue = $4000 Average revenue = $80 Output is…
Q: Excess capacity is not found under
A: To find : In which case excess capacity is not found.
Q: A firm should increase the quantity of output as long as its marginal revenue is greater than…
A: Any firm's main objective is profit maximization and any firm makes a decision about increasing or…
Q: Solve the following problems related to optimization problems A restaurant finds that, when priced…
A: Marginal cost = 4 Demand function can be written as follows: P=a-bQ so, 8=a-60b…
Q: Average Cost falls when a. Marginal cost is greater than average cost b. Marginal cost is equal to…
A: Marginal cost and average cost are derived from the Total cost there is a relationship between the…
Q: The revenue, in dollars, from the sale of x belts is given by R(x) = 41x Find the rate at which…
A: Revenue is the total income that is incurred from the normal activities and operations of the…
Q: Find the point of diminishing returns (x.y) for the function R(x), where R(x) represents revenue (in…
A: The law of diminishing returns states that, after the optimum level capacity, every additional unit…
Q: How equalibrum of the frim is useful for the consumers and what does it mean that " By curves of…
A:
Q: Please explain how to calculate total revenue
A: Total revenue is the amount that a firm or individual receives after selling the output.
Q: Calculate average, marginal, and total revenue.
A: ANSTR is the total receipts of a seller that he earns from selling the goods that it produces. If P…
Q: If total revenue is $300 and output is 10 units Find average revenue
A: According to the above mentioned question, we have:- Total revenue = $300 Output = 10 units Average…
Q: total, marginal, and average reven
A: Calculation of TR,MR and A R TR= P×Q AR= TR/Q
Q: Price Quantity Total Revenue Fixed Cost Variable Cost Profit (Dollars per blender) (Blenders)…
A: Total revenue = PRice * quantity VC = AVC * Quantity (do confirm AVC when price is 100,here i…
Q: A manager makes the statement that output should be expanded as long as average revenue exceeds…
A: Average revenue: Total revenue per unit of output = Price/OutputAverage cost: Total cost / output =…
Q: Calculate Total revenue if average revenue is $15 and output is 1000
A: The information being given is:- Average revenue = $15 Output = 1000 We have to calculate the total…
Q: Product A cost $8 and demand for product B is 12 units then product A is reduced in price to $5 and…
A: Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation…
Q: y = min(x1, x2) find input demand function find profit function.
A: Given Production function: y=min(x1,x2) .... (1) Let w and r be the input price for input 1…
Q: Round the answers to 2 decimal places. Travis Scott spent x thousands of dollars on advertising and…
A: a) To find the maximum revenue, we need to find first-order differentiation, set it equal to 0 to…
Q: Find total revenue if the price function is P=70Q-500
A: Price function is: P=70Q−500 Where, P is the price of a good Q is quantity of a good
Q: The average revenue is defined as Select one: а. The revenue per unit. b. The variable cost per…
A: Total revenue is defined as the revenue earned by a firm by selling all its output.
Q: Define total revenue?
A: The firm can have two different objectives, either to maximize profits or to maximize the…
Q: When a firm is operating at its minimum efficient scale, its: a. marginal revenue is less than the…
A: Minimum efficient scale is defined as the level of output at which all economies of scale are…
Q: Find average revenue if total revenue is $4400 and output is 22
A: The data presented in the above question is:- Total revenue = $4400 Output = 22 We need to…
Q: Marginal cost is defined by: (a) total cost increases when one more unit is produced. (b) fixed…
A: Answer - 1. (a) Total Cost increase when more unit is produced. Reason - Marginal cost is defined…
Q: Michael Scott's recently founded paper company, aptly named "Michael Scott Paper Company" sets the…
A: Given Information Total Cost = 3q +10Price = $5.5/reamTotal Revenue = $34,100
Q: The average revenue is given as 70 and total revenue is given as 700 Find the quantity produced
A: # The ratio of Total revenue to total quantity is given as average revenue
Q: Find the point of diminishing returns (x.y) for the function R(x). where R(x) represents revenue (in…
A: R(x)=11,000-x^3+36x^2+800x First order condition: dR(x)/dx=3x^2-72x-800 Second order condition:…
Q: Price S,
A: To secure the interest of the customers the public authority forces price ceiling or greatest cost…
Q: Determine the level of Q that maximizes total revenue. Determine the level of Q that minimizes the…
A: Given Demand equation faced by the manufacturer P=10-0.0004Q .... (1) Total cost TC…
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: What would be the profit earned by the firm if his total revenue is $490 and the total costs are…
A: The information given is as follows:- Total revenue earned = $490 Total costs = $500 Total revenue…
Q: Find the graph for long run – normal profit for the firm.
A: The normal profits implies that the difference between the total revenues and the total cost of…
Q: According to the equation, sales (Y, measured in $1,000 per month) and advertising (X, measured in…
A: Given Sales Y, measured in $1000 per month Advertising X, measured in $1000 per month Equation…
Q: total revenue will decrease Ototal revenue will increase O total revenue will remain constant
A: Given information: There is 25% decrease in the price of bagels which leads to 20 percent increase…
Q: If change in total revenue is $360 and the change in output is 8 units Find marginal revenue
A: The data presented in the question above is:- Change In Total revenue = $360 Change in output = 8…
Q: Find the value of total revenue if output is 60 units and average revenue is $10
A: The information being given to us is:- Total revenue = ? Output = 60 units Average revenue = $10
Q: Many restaurants don't take reservations. You simply arrive and wait your turn. If you arrive at…
A: Demand and supply refer to the invisible forces that act and react upon one another and give out…
Q: Using the image please find: a. Find the total revenue function, using the fact that there is no…
A: Marginal revenue measures the additional revenue earned when an additional unit is sold.
Q: The average profit is the difference between
A: To find : What is average profit.
Q: Calculate the total revenue for 5 units when the average revenue is given to be as $30
A: # We know that the formula for total revenue is given as:- Total revenue = Average revenue *…
Find average revenue if output is 100 units and total revenue is $2000
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- For a certain product, suppose that total costs are given by c(x) = 1600 + 1500x and total revenues by R(x) = 1600x-x2 (b) Find the profit function, p(x). c) Find the number of units that will maximize profit. (d) Find the maximum profit.Find the value of the profit when the total revenue is $65 billion and total cost is $25 billion?According to the equation, sales (Y, measured in $1,000 per month) and advertising (X, measured in $1,000 per month) are related as follows: Y=40+3X Suppose you are told that the sales committee has set an ambitious goal of $64,000 for next month’s sales. The treasurer needs to know how much to budget for advertising, and you have to come up with the answer.
- The revenue function for a lawnmower shop is given by R(x)=x⋅p(x)R(x)=x⋅p(x) dollars where x is the number of units sold and p(x)=400−0.5xp(x)=400−0.5x is the unit price. Find the maximum revenue.Find total revenue when price Is $45 per unit and the total quantity sold is 7What is the total revenue when output is 1, total cost is 35, marginal cost is 10, fixed cost is 25, average cost is 35.
- Find total revenue if the price function is P=4Q-500Product A cost $8 and demand for product B is 12 units then product A is reduced in price to $5 and demand for product B falls to 2 units please use the correct midpoint formula to solve thisIdentify the point of diminishing returns for the input-output function. R is the revenue and x is the amount spent on advertising. Use a graphing utility to verify your results. R = − 4/9(x3 − 4x − 3), 0 ≤ x ≤ 4 (X,Y)=