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Find output produced by the firm if total revenue is $4000 and the average revenue is $80
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- What would be the profit earned by the firm if his total revenue is $490 and the total costs are $500For 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.If MC= 3x + 20 and MR = 44 – 5x where x is the number of units produced and sold, and the cost of production of 80 units is $11,400, find the total cost and the total revenue functions.
- Suppose the JJJ Corporation has a cost function of y = 9000x + 180,000 and a revenue of y = 11,000x . What is the BEP of the JJJ Corp.? (USE Excel)If a firm's marginal revenue is below its marginal cost, an increase in production will usually: a. increase profits b. leave profits unchanged c. decrease profits d. increase marginal revenueSuppose the revenue function for the sale of a product is r(x)= -3x^2+30x and the cost function is c(x)=6x. Find: A) the quantity that will maximize profit B) the break even quantity
- if the total revenue and total cost of a business are given by the following functions. what is the quantity that this business break even TR=2q^2+200q+2200 TC=-q^2+100q+100The 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 firms output. Is the rate of change of profit increasing or decreasing when the ouput level of the firm is 10 units? Determine the level of output for which the firms profit is maximized. What is the firm's maximum profit?Q4 the unit cost, in dollars,to produce bins of cat food is $4 and the fixed cost is $22638. The revenue function,in dollars, r(x)=-2x^2+452x find the cost function. c(x)=___find the profit function. p(x)=at what quantity is the smallest break-even point ? a.dollars b.servings of cat food c.bins of cat food d.grams of cat food
- The manufacturer of an energy drink spends $1.28 to make each drink and sells them for $3.27. The manufacturer also has fixed costs each month of $835.8.ⓐ Find the cost function C when x energy drinks are manufactured. C(x)= ⓑ Find the revenue function R when x drinks are sold. R(x)= ⓒ Find the break-even point. (Enter you answer as an ordered pair of the form (x,$). __________________Total revenue for producing 10 units of output is $5. Total revenue for producing 11 units of output is $9. Given this information, the Average revenue for producing 11 units is $2. Average revenue for producing 11 units is $4 Marginal revenue for producing the 11th unit is $2. Marginal revenue for producing the 11th unit is $4.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.