Give typing answer with explanation and conclusion Given the revenue function R = 125Q - 2.5Q2, what is marginal revenue at Q = 23? A. 0 B. 0.8 C. 5 D. 10
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Give typing answer with explanation and conclusion
Given the revenue function R = 125Q - 2.5Q2, what is marginal revenue at Q = 23?
A. 0
B. 0.8
C. 5
D. 10
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- If the inverse demand function is p=800-4Q what is the marginal revenue function? Draw the demand and marginal revenue curves. At what quantities do the demand and marginal revenue curves hit the quantity axis? (Hint: See Q&A 9.1)Prove that the marginal revenue curve has twice the slope and the same intercept as a linear demand curve (say p(q) = a - bq).Demand P (q)=500-2q Total Costs C(q)=10+20q . what is marginal cost marginal revenue of this demand and cost function?
- based on your answers from the previous question in assuming that the marginal revenue curve is a straight line use the black line plus symbolThe attached graph shows the demand curve for a new digital product that you developed, (It might be a game, a video that you produced, or something else). Since it is digital, it is essentially costless for you to replicate the product, so all of your production costs are fixed (and now sunk) and variable costs are zero. a.) What does the marginal revenue (MR) curve look like for this demand curve? Explain your answer by giving the vertical and horizontal intercepts of the MR curve b.) Given your answer, what price should you charge for your new product in order to maximize your profit? How much revenue would you collect? Briefly explain. C.) What would be the economically efficient price for your new product? Briefly explain. d.) What is the consumer surplus loss from charging your profit-maximizing price instead of the economically efficient price?Mathematics for Business and Economics Q1) 3x2 ( 12x3 + 20 )0.5 within the range 6 and 8. Q2) The marginal revenue of a firm is given by the following equation: MR(Q) = 20 + 14Q + 13Q2 Where, Q represents the quantity produced. Also given, the total revenue of the firm, when they produce 5 units of output, is 50, i.e., TR(5) = 50. a)Calculate the firm's total revenue function. What is the value of the constant term in the total revenue function? b)Calculate the total revenue of the firm when the firm produces 7 units of output.
- Please solve for the marginal revenue function using the demand function: Q=1400-100p2. ABC Manufacturing has provided you with their demand function Qd = 2000-2p and supply function Qs = 60+5p, please answer the following questions: a. What is the company’s marginal revenue function? b. At level of output is profits maximized? c. At what price is profits maximized? d. What is total revenue at the profit maximization level of output?Complete the following table and identify the profit-maximizing output. What is true about marginal revenue and marginal costs when profit is maximized?What would be the profit-maximizing level of output if price fell to $9?
- Silk wood Enterprise specializes in gardening supplies.The demand for it new brand of fertilizer fertilizer,Meadows Muffins, is given by the equation Q=120-4p. a. Silk wood is currently charging $10 for a pound of Meadows Muffins.At this price , what is the price elasticity of demand for Meadow Muffins? b. At a price of 10$ ,what is silk wood marginal revenue? c. What price should silk wood should charge if it wishes to maximize its total revenue? d. At the total revenue maximizing price, what is the price elasticity of demand for Meadows Muffins?Why is the level of output at which marginal revenue equals marginal cost the profit-maximizing output?If total revenue increases at a constant rate, what does thiscondition imply about marginal revenue?
