You are given the following demand function: P = 1,597 - 16Q Find the quantity (Q) that maximizes this firms revenue? Round your answer to one decimal point. Revenue maximization: A revenue is maximum when marginal r...
Suppose that the demand function for good Y is given as a linear function: Qd(P)=120-2P. where P is the price of good Y. Find the price at which price elasticity of demand for Y is -1. Suppose the demand function for a ...
Answer to: The demand function for x is given by x (px, py, I) = 5px -1/2 py 1/4I 1/4. Find own-price, cross-price, and income elasticities of...
A firm has a marginal revenue function given MR=(a)/(x+b)-c ,where x is the output a, b, c are constants. Then demand function is given by p=(k)/(x)log((x+b)/
The demand function of a monopolist is given by x = 100 - 4p. The quantity at which MR (marginal revenue) = 0 will be
The cost of producing x bags of dog food is given by {eq}C(x)=900+\sqrt{800+20 x^{2}-x} {/eq} where {eq}0 \leq x \leq 5000 {/eq}. Find the marginal-cost function. Marginal Cost Function: We find the marginal cost function ...
Assume that a demand equation is given by q = 9000 - 100p. Find the marginal revenue for the given production levels (values of q). a. 2500 units b. 4500 units c. 7000 unitsFor the production ...
Find the marginal-revenue product f A demand equation is given by P = 800 - .5Q. The firm's marginal cost is MC = 40 and TC = 40Q. Determine its price (P), output (Q), and total...
The marginal cost of a product is given by MC =14000√7x+4and the fixed cost is 18000. Find the total cost and the average cost of producing 3 units of output. View Solution IfC=ax2+bx+crepresents the total cost function, then slope of the marginal cost function is ...
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