The demand function for a manufacturer's product is D = 80 - 3p, where D is the number of units and 'p' is the price per unit. The value of D that will achieve maximum revenue is Blank 1units.
Q: Electrical Components Profit A company’s dailyprofit from the production and sale of electrical…
A: Profit is the extra returns after a firm has remunerated all its expenditure. It plays an important…
Q: If demand function is p = 160 - 0.0025x and Cost function is C = 15x + 0.0025x². Find the quantity…
A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…
Q: The processing time for each activity is given as follows: Processing time per customer 2 seconds 30…
A: *Answer: Processing time of bottleneck activity = 60 seconds Capacity per hour = (1*Number of…
Q: A company determines that the demand function for a product can be modeled by p=220-0.02x where x is…
A: Profits are the excess of revenue receipts earned by a firm over the costs incurred in the…
Q: Find the total revenue generated if price is $30 and output sold is 66 units
A: The data presented in the question above is:- Price per unit = $30 Output sold = 66 units Total…
Q: firm plans to begin production of a new product. The manager must decide whether to buy the product…
A: Annual fixed cost 160,000 and $190,000 Variable cost $5 and $4 Annual volume A firm has three…
Q: XZ company is selling product A, according to the company when the price of product A is $28, the…
A: Given Details: Option 1 Price = $28 Expected demand = 50,000 units per week Option 2 Price = $58…
Q: The demand function for a manufacturer's product is D = 80 -3p , where D is the number of units and…
A: Given - D = 80 - 3p Where, D - Quantity (number of units) p - price To Calculate maximum…
Q: arget Profit Trailblazer Company sells a product for $265 per unit. The variable cost is $120 per…
A: The break-even point is the point at which total cost and total revenue are equal, meaning there is…
Q: Trailblazer Company sells a product for $270 per unit. The variable cost is $105 per unit, and fixed…
A: The break-even point is the point at which total cost and total revenue are equal, meaning there is…
Q: An automobile dealership offers to fill the four tires of your new car with 100% nitrogen for a cost…
A: According to the question given that the condition where the car has two alternatives either it can…
Q: A manufacturer produces three products A, B and C which he sells in two markets. Annual sales…
A:
Q: A company has established that the relationship between the sales price for one of its products and…
A: Given demand function, D = 1560 – 20p Rearrange the demand function, P = 78 - 0.05D Fixed cost =…
Q: A production order for 200 units is recieved. The item is made on a machine that has a $20 set-up,…
A: Fixed cost is the cost that is same for all levels of production. Average fixed cost is declining.…
Q: The demand function for a manufacturer's product is D = 80 - 3p , where D is the number of units and…
A: In a market, a firm can maximize its revenue at a quantity level at which marginal revenue will be…
Q: The demand function for a manufacturer's product is D = 80 -3p , where D is the number of units and…
A: D=80-3p Inverse Demand: p=[(80-D)/3] Total Revenue=Price*Quantity TR=pD TR=[(80-D)/3]D TR=80D/3-D2/3…
Q: Find total revenue if price per unit is $300 and the output is 19 units
A: The given information is as follows:- Price per unit = $300 Output sold = 19 Units Total revenue…
Q: Calculate price per unit if output is 4
A: The information being given is:- Total revenue = $3200 Output = 4 units We have to calculate total…
Q: Redleaf company's market research department works on the manufacture and marketing of a winter tire…
A: Given that : when price= $10 ;demand = 36,000 units when price = $15 ; demand = 34,000 units…
Q: Johnny's company provides a on-call service to provide garden maintenance / tidying services in…
A: Price elasticity of demand is the percentage change in quantity demanded to the percentage change in…
Q: The demand function for a manufacturer's product is D = 70-5p , where D is the number of units and…
A: Revenue maximisation is a strategic goal of a company that aims to offer at a rate that maximizes…
Q: The demand function for a product marketed by a company is p = (80-D) / 4, where Dis the number of…
A: Answer- Need to find- Value of for which revenue is max. Given in the question- P = (80-D)/4 4P +D =…
Q: A pharmaceutical company manufactures two brands of vaccines. The annual demand and cost functions…
A: Given, A pharmaceutical company manufactures two brands of Vaccines A and B The Price of Vaccine A…
Q: Suppose that the demand for a product is 8000 unit per year, order cost is 500 $ and the inventory…
A: EOQ: It means the order quantity that minimizes the total holding costs and ordering costs.
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: BUSINESS: Total Profit from Marginal Profit. Cebu Pacific determines that the marginal profit from…
A: We know that marginal profit curve is the slope of profit curve . So find the profit curve we need…
Q: Over a relatively short time horizon demand for petrol is likely to be inelastic with respect to…
A: At different time horizons, the price elasticity of demand can be different. It is due to the…
Q: Find output of total revenue is $6400 and the price per unit is 400
A: The given information is as follows:- Total revenue = $6400 million Price per unit = $400 Using…
Q: minimize total revenue b) what is the maximum value for total revenu
A: The firm's total revenue is product of price and quantity.
Q: The demand function for a manufacturer's product is D = 70-5p, where D is the number of units and…
A: The demand refers to the total units of a particular good that consumers are able and willing to…
Q: of $8 per unit. Sales history indicates that the sales price in dollars, P, varies with the demand,…
A: here we determine the optimum demand and the maximum profit by following method given below;
Q: The demand function for FreshFood Exclusive Brand's product is D = 80 - 2p , where D is the number…
A: Demand function D = 80 -2p => p = (80 -D)/2 => p = 40 - 0.5D ------------------ Total revenue…
Q: The demand values for the following 4 weeks for a company is as follows: 300, 200, 400, 430. The…
A: Given The demand values for the following 4 weeks for a company is as follows: 300, 200, 400,430.…
Q: A large company in the communication and publishing industry has quantified the relationship between…
A: Given, Relationship between demand and price is given as, P = 160-0.01D, Here, P stands for the…
Q: Calculate the value of no of units sold when total revenue is 7400 and the price per unit is $25
A: The information given to us is:- Price per unit = $25 Total revenue of the firm = $7400 We have to…
Q: A cable television company estimates that with x thousand subscribers, its monthly revenue and cost…
A: Break even points is the point where firm earn normal profit which is situation of neither profit…
Q: Assume that the respective demand and supply functions for a product are Q = 50 – 0.5P; and Q = -Pt…
A: To find the time path of Pt we will firstly find a particular condition and then a complimentary…
Q: Question City A has a travel demand function q = 2.0 x 106 – 5000t, and road performance function t1…
A: Demand function : q = 2*106 - 5000t Performance function : t1 = 50 + 8*10-5q q = (t1 - 50) /…
Q: The travel time (t) on the segment of a highway connecting city A with city B has been observed to…
A: Given, t=15+0.02v v=3500-120t
Q: A company is planning to manufacture computer desks. The fixed cost will be $60,000 and it will cost…
A: Given information: Fixed cost of production= $60,000 Cost per unit = $200 Selling price = $450
Q: A company produces and sells luxury goods and is able to control the demand for the product by…
A: The range of profitable output per year is the range of output the profits of the company are…
Q: A profit making company wants to launch a new product. It observes that the fixed cost of the new…
A: Revenue is calculated by multiplying the number of units sold by the price per unit. Multiply the…
Q: A ship travels between ports, A and B, which is a total distance of D. The cost per-hour of…
A: Cost per hour : w + vn D is the distance to be travelled . Total Cost => Time *c(v) &…
Q: Calculate output if total revenue is $6600 and the price per UNIT is $11
A: The data presented In the question above is :- Total revenue = $6600 Price per unit = $11 Total…
Q: The demand function for a certain product is determined by the fact that the product of the price…
A: Answer to the question is as follows :
Q: X Segment has excess capacity. It produces product X at total product cost of 100 (includes 20 FC).…
A: Given information Excess capacity occurs when a firm is producing before the long-run optimum level.…
Q: Using the fixed-time period inventory model, and given an average daily demand of 287 units , 4 days…
A: There are certain economic order quantity assumptions which are:- - Independent demand-Constant lead…
Q: Derive how to find the number of units that should be produced annually to maximize profit. b) What…
A: "Since you have asked multiple parts, we will answer only first three parts for you. If you have any…
Step by step
Solved in 2 steps with 1 images
- The demand function for a firm's product is q= 500+50p where q equals the number of unit demanded and p equals the price in dollars a) Determine the price which should be charged to minimize total revenue b) what is the maximum value for total revenue?(show complete solution, formula and explanation) A company produces and sells a consumer product and thus far has been able to control the volume of the product by varying the selling price. The company is seeking to maximize its net profit. It has been concluded that the relationship between price and demand, per month, is approximately D = 500 – 5p, where p is the price per unit in dollars. The fixed cost is $1,000 per month, and the variable cost is $20 per unit. Obtain the answer mathematically to the following questions: a.What is the optimal number of units that should be produced and sold per month? b.What is the maximum profit per month? c.What are the breakeven sales quantities and the range of profitable demand volume?Q1. Game console manufacturing determines that in order to sell Q units, the price per unit (in dollar) must decreased by the linear demand (the demand function) P(Q)= 800- 0.3Q($/device) The manufacturer also determine that the cost depends on the volume of production and includes a fixed part 500,000($) and a variable part 500Q , that is C(Q)= 500000+ 500Q What price per unit must be charged to get the maximum profit?
- A company produces and sells a consumer product and thus far has been able to control the volume of the product by varying the selling price. The company is seeking to maximize its net profit. It has been concluded that the relationship between price and demand, per month, is approximately D = 500 – 5p, where p is the price per unit in dollars. The fixed cost is $1,000 per month, and the variable cost is $20 per unit. Obtain the answer mathematically to the following questions: a.What is the optimal number of units that should be produced and sold per month? b.What is the maximum profit per month? c.What are the breakeven sales quantities and the range of profitable demand volume?A firm produces two goods, A and B. Due to the product A’s fall in popularity near the end of last year, the estimated demand (units purchased) for A is 25% less than that of B. The selling price per unit is $30 for A and $20 for B. If the revenue target is $85,000 this year, how much of each of the two goods must be sold? (Round to whole number if necessary)The demand function for FreshFood Exclusive Brand's product is D = 80 - 2p , where D is the number of units and 'p' is the price per unit. The value of D that will achieve maximum revenue is __________________.
- Windies Cricket manufactures Windies supporter jerseys. The quantity q, of thes jerseys demanded weekly is related to the wholesale price per jersey p, by the following equation: p=-0.006q+15 The weekly total cost incurred by Windies Cricket for producing q jerseys is: C(q) = 38q-0.02q² + 30,000 a. Determine an expression to represent the weekly Revenue function.A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price = 150 − 0.01 × Demand for an annual printing of this particular product. The fixed costs per year (i.e., per printing) = $50,000 and the variable cost per unit = $40. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not expected to be more than 6,000 units per year.The Hickory Cabinet and Furniture Company makes chairs. The fixed cost per month of making chairs is $7,500, and the variable cost per chair is $40. Price is related to demand, according to the following linear equation: v = 400 - 1.2p Develop the nonlinear profit function for this company and determine the price that will maximize profit, the optimal volume, and the maximum profit per month.
- The Grady Tire Company Recaps tires. The weekly fixed cost is $2,500, and the variable cost per tire is $9. Price is related to demand, according to the following linear equation: v = 200- 4.75pDevelop the nonlinear profit function for the tire company and determine the optimal price, the optimal volume, and the maximum profit per week.The manufacturer of smart printers is trying to decide what price to set for its product. The demand and cost function are assumed to be as follows: P = 80 -2Q TC= 160 +50Q-1.5Q ² What price should it charge if it wants to maximize its revenue in the short run? What is the optimal quantity for the printer under this price? No handwriting. Please. Typedenton productions limited utilizes statistical analysis to determine the optimal price for its sales to customera, during july 2020, the company was provided with the following demand and cost functions by a statistical research company, p=200-6Q, where p=price in dollars; and Q=quantitity of units in thousands TC=5Q2 + 24Q + 150, where TC is total costs in thousands of dollars a. determine the optimal output for july 2020 b. find the price that maximized profit