Question 7 The demand function q = Ap) = 800 – 10p for a product is graphed below. 80 60 40 20 O 200 400 600 800 The revenue function is given by R(p) = pq = p(800 – 10p) with p in rands. What are the price and quantity of the product that maximise revenue?

Q: Question 3. Find the maximum revenue that demand equation is given by q = can be realized by selling…

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Q: Consider the following demand and total cost equations: Q = 20 – P TC = 15 + 2Q What is the correct…

A: Given that Q=20-P So, P=20-Q So the total revenue=PQ=(20-Q)×Q=20Q-Q2 Total cost is=15+2Q

Q: This Question: 3 pts 5 of 40 3,000 A company finds that consumer demand quantity changes with…

A: Follow the steps.

Q: Question 4 A student club is selling t-shirts for Thon every weekend. They found that when selling…

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Q: QUESTION 7 A profit maximizing firm produces output using capital, K, and labour, L, in the…

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Q: 5/10 Question 7 of 9, Step 1 of 1 Correct -2 2 The demand function for a particular product is given…

A: Given problem:- The demand function for a particular product is given by the function D(x) =…

Q: ind the new equilibrium Q and P if the supply function shifts up by 100%.

A: Demand : P = 100 – 2Q Supply:      P = 10 + 4Q the supply functions shifts up by 100% new supply : P…

Q: Solve the problem no. 1(I, II, III&IV) and problem 2 (a and b): 1. Demand function is given as P(q)…

A: As per Bartleby guidelines, we are allowed to solve one question along with three subparts. Kindly…

Q: Question 6 A market has a demand function given by the equation Qd = 180 – 2P, and a supply function…

A: Solution :

Q: Consider the price-demand equation given by 6,000 – x 1, 200 Which of the following gives D(p), the…

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Q: Question 10, Bus Econ 1... Sc Suppose that the fixed cost for a product is $420 and the break-even…

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Q: QUESTION 10 A company finds that it can sell 120 items at a price of $490 each, and sell 440 items…

A: Given: 120 items at a price of $490 each,  440 items at a price of $150 each.

Q: Question 4: Anna's sandwiches deli has found that the monthly demand for their chicken sandwich is…

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Q: QUESTION 21 A company has requested your assistance in analyzing their annual revenue. They inform…

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Q: QUESTION 12 Suppose the demand function D(x) = x² – 12× + 36 and supply function S(x) = x2. Find…

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Q: 1. Given the demand and supply curves, find the consumers' surplus and producers' surplus. 1000 16…

A: It is required to find the consumers' surplus and producers' surplus.

Q: Question 6 Consider a linear demand function q = {{p) with q the number of items and p the price in…

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Q: Find the consumer's surplus for the following demand function at the given point. D(x) = (x – 3)²; x…

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Q: (3) A company manufacturing laundry sinks has fixed costs of $100 per day but has total costs of…

A: From the given information. The fixed costs per day is $100. Total costs per day is $2,500 for 15…

Q: 1. The graphs of the supply function and the demand function for the same product are shown below.…

A: A demand function gives the relationship between the demand of a particular product in the market…

Q: Question 6 A market has a demand function given by the equation Qd = 180 – 2P, and a supply function…

A: Demand equation, Qd = 180 -2PSupply equation, Qs = -15 + P   Equilibrium quantity & Price, Qd=…

Q: Question 7 A company's marginal cost function is 1 MC(r) = (2r + 1)(z+ 1) 2r+1 I+ The company's cost…

A: Explanation of the answer is as follows

Q: - q? – 2q + 506, where q is thousands of Suppose your demand function is given by D(q) units sold…

A: D(q) = -q2 - 2q + 506q → thousands of unitsD(q) → dollars per unit

Q: Question 2 of 16 The selling price per unit of a product is $30, the fixed costs per month are…

A: let the number of units be x  break even is the point where total revenue is equal to total costs.…

Q: Problem Five: Given the supply and demand functions of a given product, find the equilibrium price…

A: For equilibrium condition Supply = Demand. PS=PD

Q: Suppose that the price p of a product and its demand r are related through the price-demand equation…

A: Given the data:

Q: Question 4 Suppose that for a certain product, the market price P = P(Q) can be written as a…

A: Given: P=500-QQ0=80 To find: a) P0 b) Strictly increasing Q0 c) dCSdQ0>0

Q: QUESTION 6 Refer to the graph below. When the price of a product is P2, then the consumer surplus…

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Q: Find the consumer's surplus for the following demand function at the given point. 4) D(x) = (x -…

A: Finding consumers surplus

Q: The equilibrium quantity of the given demand and supply functions is p = 5*D + 80 p = 1000)* + 80…

A: At equilibrium quantities and price for the demand curve and supply curve will be same.  Thus solve…

Q: Question 47 The cost, in dollars, to produce r designer dog leashes is C(x) = 4x + 1, and the…

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Q: Example 7. demand function is given by D= 30 – 4p – p². Find Total revenue. Marginal revenue and…

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Q: QUESTION 3 Given the demand equation D(x) = -0.2x + 0.9 and the supply equation S(x) = 0.8x + -0.8,…

A: The equilibrium price is where the supply of goods matches demand.

Q: If a price-demand equation is solved for p, then price is expressed as p= g(x) and x becomes the…

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Q: Question 6 A firm is a monopolistic producer of two goods G, and G2. The prices are related to…

A: Given equations are:  Q1=50−P1 2Q2=90−P2 TC=Q12+2Q1Q2+Q22

Q: QUESTION 5 Suppose the equilibrium price for soft drinks is $1.00. If the current price in the soft…

A: Question 5 QUESTION 5  The equilibrium price for soft drinks is $1.00 and the current price in the…

Q: QUESTION 1 Consider the supply equation p- 2x+ 10, where x is the quantity supplied in units of…

A: p = 2x + 10   p= 16

Q: QUESTION #5 DEMAND FUNCTIONS The demand function for the Sicard wristwatch is given by 50 d(x) = (0…

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Q: Question 2 over the next 3 months using the function: A company has accurately modelled the demand…

A: answer is explained below

Q: Question 2. Determine the equilibrium price(in hundered rand) and quanity (in thousand units) of a…

A: Find your answer below

Q: QUESTION 10 Suppose the demand function D(x) = - 3x+7 and supply function S(x) =2x+2. Find producer…

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Q: It has been determined that the cost of producing x units of a certain item is 5x + 260. The demand…

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Q: Question 1: A firm sells a good with an average cost 10 AC = Q+ ab + a) If the demand function is…

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Q: this problem, p is in dollars and x is the number of units. Find the producer's surplus at market…

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Q: QUESTION 15 A firm knows that its marginal cost for a product is MC = 3x +20, that its marginal…

A: The Marginal cost function is: MC=3x+20Therefore:C'(x)=3x+20Now the Marginal revenue function…

Q: Question 5 Suppose the monthly cost, in dollars, of producing x daypacks is C(x) = 0.001x + 0.07x2 +…

A: To find marginal cost we have to differentiate given cost function.

Q: Example 12. Find the minimum average cost if the cost function is given by T= 360– 10-2. 5 2g?. Also…

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Q: In this problem, p is in dollars and x is the number of units. If the demand function for a product…

A: Given At equilibrium Since, x can not be negative So, at equilibrium