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Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by p = 400 - 0.2x where x is the number of units and p is the price in dollars. (a) Find the total revenue from the sale of 500 units. $ ______________ (b) Find the marginal revenue MR at 500 units. MR = $ _____________ Interpret this value. A-The 501st unit will bring in |MR| dollars more in revenue. B-The 501st unit will lose |MR| dollars more in revenue. C-The 501st unit will lose |MR| hundred dollars more in revenue. D-The 501st unit will bring in |MR| hundred dollars more in revenue. Incorrect: Your answer is incorrect. (c) Is more revenue expected from the 501st unit sold or from the 701st? Explain. The 701st unit will bring in $ ___________ more in revenue. Thus which the A- 501 or B- 701 unit will bring in more revenue?
For Mike and Tim, I need help to write the first 5 terms of a sequence for payment scheme for each piece of paper.
The radius of curvature of a road at a certain turn is 50m . The width of the road is 1 Om and its outer edge is 1.5m higher than the inner edge. Find the safe speed for such an inclination.
Then, explain the meaning of either a vertical shift of 10 units or a horizontal shift of ten units. Be sure to explain what this shift would mean in the context of the function.
Is this equation correct: (x y)3 = x y3 ? Explain why. If it is correct, how can you prove this? If it is incorrect, what should be done to make it right?
Let W and L represent the width and length of a rectangle, respectively, and let P represent the perimeter. The perimeter of a rectangle is given by the formula
Select a quadratic equation and solve it using the "completing the square" method. Show your work in full details.Use this quadratic equation for your example: x^2-18x-4=0
Show how to modify Example by changing the bids and/or budgets to make the competitive ratio come out as close to 0 as you like.
A student has computed that it takes an average (mean) of 17 minutes with a standard deviation of 3 minutes to drive from home, park the car, and walk to an early morning class. One day it took the student 21 minutes to get to class. How many stan..
a right circular cone of height 3 and radius (at the base) equal to 8. What are the dimensions of such a cylinder which has maximum volume?
What is the difference (in Hz) between this frequency and the number of clicks per second actually emitted by the dolphin?
Discuss the changes in the selling prices of either or both models that would be necessary to make this corner point optimal.
ill's father bought Jill a car with the understanding that she would pay the car off in four years by making equal monthly installments. The car cost her father $6000 plus 9% sales tax. How much are the monthly payments Jill must make to her fathe..
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