Answer to: If the marginal revenue function is MR(Q) = 100 - 4Q and the marginal cost function is MC(Q) = 10Q, what is the profit-maximizing output...
If the marginal revenue function is MR(Q) = 100 - 4Q and the marginal cost function is MC(Q) = 10Q, what is the profit-maximizing output for this monopolist? Suppose the marginal cost curve in the short run first decreases and then increases. If marginal cost is increasing, ___...
The revenue generated from selling tables is given by R(x)= 20x- (x^2/500) Determine when the marginal revenue will equal 0. I am stuck on this problem and any help would be greatly appreciated. Please show your work. Thanks!
The marginal revenue is calculated by dividing the change in the total revenue by the change in the quantity. In calculus terms, the marginal revenue (MR) is the first derivative of the total revenue (TR) function with respect to the quantity: MR=ΔTRΔQwhere:MR=Marginal revenueΔ=Dividing...
Using calculusis the fastest and easiest way to calculate marginal utility. Suppose you have the following utility function: U(d, h) = 3d / h where: d = dollars paid h = hours worked Suppose you have 100 dollars and you worked 5 hours; what is the marginal utility of dollars? To fin...
Calculusisanimportanttoolineconomics.Inthissection,wewillusethederivativetoexploreratesofchangeinvolvingeconomicquantities(量)suchascost,revenue,profitetc..1.MarginalAnalysis边际分析 Margin:n.[C]Theemptyspaceatthesideofaprintedpage页边空白Marginal:adj.relatingtoachangeincost,valueetc.whenonemorethingisproduced...
In calculus, marginal cost can be defined as the firstderivativeof the cost function with respect to the quantity/output. Or, to find marginal cost we can use the formula: MC = ΔC/ΔQ, where ΔC = change in production cost and ΔQ = change in quantity. ...
Marginal cost, marginal revenue, and marginal profit all involve how much a function goes up (or down) as you go over 1 to the right — this is very similar to the way linear approximation works. Say that you have a cost function that gives you the total cost, C(x),...
Divided into multiple markets, to meet different levels of function, price, packaging, use of a product of many licenses the different needs of various customer needs, so as to nurture a brand preferences of consumers of the enterprise, increase their loyalty. Diminishing marginal revenue to a ...
Thus, in calculus, this is determined by taking the derivative of the profit function. Answer and Explanation: Let P(x)=5x−0.005x2−450 be the profit function. The function for the marginal profit is given by the derivative of the profit......