Suppose the demand function for a product is given by the function:

Q: Suppose a product has a daily marginal revenue MR = 44 and a daily marginal cost MC = 20 + 1/5x…

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Q: Please see photo attached, thank you!

A: a) find the average cost function AC(x) and graph it.

Q: 2) Using the cost function from problem 1, and the demand function given here: p(x) = -1.1x + 305,…

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Q: Suppose the demand function for a product is given by the function: D(q) = - 0.02q + 90 Find the…

A: Given that, the demand function is Dq=-0.02q+90. The given value is q=1950.

Q: Suppose the demand function for a product is given by the function: D(q) = 0.011q + 37.4 Find the…

A: Given: The demand function is D(q)=-0.011q+37.4 To find: The consumer surplus corresponding to…

Q: Joe runs a carwash stand and finds out quickly that for this business to breakeven he needs to wash…

A: The number of cars need to be wash is 10 and the washing price per car is $5.The total washing cost…

Q: Suppose that the price p (in dollars) of a product is given by the demand function p =  18,000 − 60x…

A: Given query is to find the rate of change of price.

Q: Suppose that the total cost in dollars of producing x units of a product is given by C(x) = 10,000 +…

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Q: The demand function for a certain product is determined by the fact that the product of the price…

A: We have, the product of the price and the quantity demanded equals 8000. Let us consider that, price…

Q: If the marginal revenue function for a manufactures product is MR =10(1+Q)´; find the demand…

A: Given: MR=101+Q-2 To find out: Demand function (P)

Q: Suppose that the marginal propensity to consume is dC = 0.9 – e-0.5y dy (in billions of dollars) and…

A: Let's find.

Q: When a certain product is sold for p dollars per item, consumers will demand D(p)= 12,00p^-1 items…

A: Given, D(p)= 1200p-1 items/week p(t)= 0.5t²+6 dollars/item

Q: Find the Consumer's Surplus corresponding to q=900 units. (Do no rounding of results until the very…

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Q: Suppose that a price-demand function is given by P(x)=100+10x−4x2. Calculate the marginal revenue…

A: Calculation:The price demand function is P(x) = 100+10x – 4 x^2.In order to calculate the marginal…

Q: A company has determined the demand and supply functions for a product are given by        p =  D(…

A: Given demanf function,p = D(x) = 14 - x2Supply function p = S(x) = 4x + 2

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

A: To find the region for which the demand function is elastic.

Q: It has been determined that the cost of producing x units of a certain item is 6x + 860. The demand…

A: Given Cost function C(x) = 6 x + 860 Demand function D(x) = 50 - 0.5x

Q: Suppose that in a certain market the demand function for a product is given by 10p + q = 2,100 and…

A: The demand function is 10p+q=2100 and the supply function is 50p-q=1250 where p is price per item…

Q: Suppose that a population has a rate of growth of 0.1 and a carrying ranacity of 2 million, Şet up…

A: The population dynamics can be modeled through a first-order differential equation. It contains the…

Q: Suppose that the total cost in dollars of producing x thousand units of a product is given by…

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Q: Suppose that the total cost in dollars of producing x thousand units of a product is given by C(x) =…

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Q: A manufacturer has determined that m employees will produce a total of q units of product per day,…

A: the marginal-revenue product is given by dR/dm where R is the revenue. Using the chain rule of…

Q: Suppose that the marginal propensity to save is SP = 0.1 - dy (in billions of dollars) 7y + 2 and…

A: Given: The marginal propensity is The consumption is $ 7 billion and the disposable income is $ 0

Q: If a demand curve is given by y = 50 −.02x  where x is the price in dollars, and y is the sales of…

A: Given demand curve is  y=50-0.02x where x is the price in dollars, and y is the sales of Really Big…

Q: Suppose that the marginal propensity to consume is dC = 0.04 + dy In(y + 1) y + 1 (in trillions of…

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Q: A company determines that its demand function is given by p(q) = -0.4q+ 1754 and that its cost…

A: p(q)=-0.4q+1754C(q)=62.97q+3515R(q)=1128000R(q)= q. p(q)R(q)=q (-0.4q+1754 )R(q)=-0.4q2+1754q

Q: Suppose the demand function for a product is given by    p= 1/3 ln(5,000-q/q+1)    where p is in…

A: Consider the given function p=13ln500-qq+1. Partially differentiate the above function both sides…

Q: Suppose the demand function for a product is given by the function: D(q) - 0.015q + 34.5 Find the…

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Q: 6. Suppose that for x2 1000, the dollar cost of producing a video cameras is C(x) = 500x - 0.003²…

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Q: the demand function for a product is given by x=100-0.01p^2. is the demand elastic, inelastic, or…

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Q: Suppose the demand function for a product is given by the function: D(q) - 0.015q + 34.5 Find the…

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Q: 4. Suppose the demand function for a product is given by p = D(x) = 700 – 2x² and the supply…

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Q: Suppose that the marginal propensity to consume is   dC/dy = 0.6 − e−2y     (in billions of…

A: Marginal propensity to consume is: dCdy=0.6-e-2y Also: C(0)=5.5

Q: 2. Suppose that the marginal revenue for a product is MR = 900 and the marginal cost is MC = 30Vx +…

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Q: Suppose that the monthly cost, in dollars, of producing x chairs is C(x) = 0.007x° +0.07x + 15x +…

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Q: Consider the price-demand equation given by 6,000 – x 1, 200 For which value of p is the elasticity…

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Q: Suppose that the total cost in dollars of producing x units of a product is given by C(x) = 20,000 +…

A: Given, The total cost C(x)=20000+30xex600 To find the marginal cost when 600 units are produced.

Q: Consider the price-demand equation given by 8 x. 2, 500 Calculate E(0.25), where E is the elasticity…

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Q: Suppose that the monthly cost, in dollars, of producing x chairs is C(x) = 0.002x + 0.07x + 19x +…

A: The given function is Cx=0.002x3+0.07x2+19x+700. d) The actual additional monthly cost of increasing…

Q: Suppose the demand function for a product is p(x)=400−(1/10000)x^3. If the price is set at 300, what…

A: p(x)=400−(1/10000)x^3 when x = 0 p = 400 When p* = 300; let's say x = x* then 300 = 400 -…

Q: Suppose that in a certain market the demand function for a product is given by 10p + q = 2,300 and…

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Q: currently 40 chairs are produced monthly.   ​a) What is the current monthly​ cost? ​b) What is the…

A: Cost function

Q: where x is the number of units sold. What is the marginal revenue when 9 items are sold? Round your…

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Q: Suppose that the marginal revenue for a company manufacturing coffee machines is given by 100−0.5x…

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Q: Suppose the demand function for a product is given by the function: D(q) = – 0.013q + 55.9 Find the…

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Q: uppose the demand function for a product is given by p =  1 3 ln   5,000 − q q + 1   where p is in…

A: The given demand function is p=13ln5000-qq+1. Differentiate p with respect to q. dpdq=ddq13ln…

Q: Suppose that the marginal propensity to save is ds 0.20 (in billions of dollars) dy and that…

A: Consider the following: dsdy=0.20C=$5.35 billionDisposable income=$0Find National consumption…

Q: Suppose that the total cost in dollars of producing x units of a product is given by C(x) = 15,000 +…

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Q: The monthly demand function for x units of a product sold by a monopoly is  p = 6400 − 1/2x2…

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