Derive an expression for the firms total revenue function

Assignment Help Mathematics
Reference no: EM13878142

1. a. Test the function f(x) = 1/3x3 + 3x2 - 27x + 10 for relative extrema.

b. Examine the function f(x) = x2ex - 2xex + ex for turning points and classify as maximum, minimum or point of inflexion.

2. The total revenue of a firm is R(q) = 21q + 2q2 and its total cost

C(q) = -1/3q3 -2q2 - 15q - 450. Where q is the firms output.

a. Is the rate of change of profit increasing or decreasing when the ouput level of the firm is q = 10?

b. Determine the level of output for which profit is maximized.

3. The demand curve of a firm is p = 4000 - 33q and its total cost C(q) = 2q3 - 3q2 + 400q + 5000. Where q is the firm's output

a. Derive an expression R(q) for the firm's total revenue function.

b. Derive an expression 11(q) for the firm's profit function.

c. Is the rate of change of profit increasing or decreasing when the ouput level of the firm is q = 10?

d. Determine the level of output for which profit is maximized.

Reference no: EM13878142

Questions Cloud

Define the terms put option and call option : Define the terms put option and call option. Which of the four common types of real options are similar to put options? Which are similar to call options?
What are the mean and variance of the portfolio value : Financial Managers, Inc., buys and sells a large number of stocks routinely for the various accounts that it manages. Portfolio manager Sarah Bloom has asked for your assistance in the analysis of the Burde Fund. What are the mean and variance of the..
Write the households budget equation : If this household purchases 100 units of food products each month, how many units of nonfood items it can buy
Rates expected to remain at current levels on into future : McCue Inc.'s bonds currently sell for $1,200. They pay a $90 annual coupon, have a 25-year maturity, and a $1,000 par value, but they can be called in 5 years at $1,050. Assume that no costs other than the call premium would be incurred to call and r..
Derive an expression for the firms total revenue function : Determine the level of output for which profit is maximized and derive an expression for the firms total revenue function.
What is the greatest challenge with reports produced : What is the greatest challenge with reports produced for health care providers, managers, directors, and executives
Agreement to repay the loan with quarterly payment : The Owner of a small business borrowed $70,000 with an agreement to repay the loan with quarterly payment over a five year time period. If the interest rate is %12 per year compounded quarterly, his loan payment each quarter is nearest to:
What is the expected annual pre-tax cash flow from operation : What is the expected annual pre-tax cash flow from operations from this investment? Determine Periodic Cash Flow Based on Book (Accounting) Rate of Return Dillon, Inc.
What is the cost of the new machine : The book rate of return (ARR) is expected to be 10 percent on the initial investment. The firm's tax rate is 20 percent. Required What is the cost of the new machine?

Reviews

Write a Review

Mathematics Questions & Answers

  State the null and alternative hypotheses

State the null and alternative hypotheses

  Estimate an overestimate or underestimate

(a) (1 pt) a left-hand sum with n = 4. Is this estimate an overestimate or underestimate? (b) (1 pt) a right-hand sum with 71 = 4. Is this estimate an overestimate or underestimate? (c) (1 pt) a midpoint sum with n = 4. Is this estimate an overestima..

  Application of differential calculus in economics profit

application of differential calculus in economics profit cost and revenue function.the total cost cq of production

  Se chain rule to find dz/ds

Se chain rule to find dz/ds when z= x2+4xy+y2 and x=3s-t and y=st

  Ue steps of hypothesis testing draw the distributions

evolutionary theories often emphasize that humans have adapted to their physical environment. one such theory

  How many compositions are there of an integer k into n parts

A composition of the integer k into n parts is a list of n positive integers that add to k. How many compositions are there of an integer k into n parts?

  What is the probability that a randomly selected ball

What is the probability that a randomly selected ball bearing has a diameter greater than 8.1 millimeters?

  Discuss the weierstrass approximation theorem

Discuss the Weierstrass Approximation Theorem. When would you use this theorem? Are there other options for solving these types of problems besides the Weierstrass Approximation Theorem?

  Linearly independent or linearly dependent

In the following case, state if the following set of vectors are linearly independent or linearly dependent. Justify your answer.

  Computing monthly finance charge for credit card

Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days for a payment to be received and recorded, and that the month is 30 days long.

  Calculating the probability for a normal random variable

Calculating The Probability For a Normal Random Variable. The ages of 50 women are approximately normally distributed with a mean of 48 years and a standard deviation of 5 years. One women is randomly selected from the group, and her age is observ..

  Validity of arguments using euler circlestruth tables are

validity of arguments using euler circles.truth tables are related to euler circles. arguments in the form of euler

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd