Find total revenue for each quantity equal to 10000 20000

Reference no: EM13395287

Johnny Rockabilly has just finished recording his latest CD. His record company's marketing department determines that the demand for the CD is as follows:

Price (P) Number of CDs (Q)

$24 10,000

22 20,000

20 30,000

18 40,000

16 50,000

14 60,000

The company can produce the CD with no fixed cost and a variable cost of $5 per CD.

a. Find total revenue for each quantity equal to 10,000, 20,000, and so on. What is the marginal revenue for each 10,000 increase in the quantity sold?

b. What quantity of CDs would maximize profit? What would the price be? What would the profit be?

c. If you were Johnny's agent, what recording fee would you advise Johnny to demand from the record company? Why?

Price (P)	Number of CDs (Q)	TR	MR	TC	MC	Profit
$24	10,000		----		----
22	20,000
20	30,000
18	40,000
16	50,000
14	60,000

Reference no: EM13395287

Questions Cloud

How has balance of payment accounts changed for us during : in an excel table show the values for the capital current and financial accounts. include a net or total amount.create

B2b transactions that involve communication design planning : 1 paws lsquon tails is an online pet shop that wants to influence what customers buy and build effective customer

Thyroid hormones exert their effects on the cells in a way : michael is a thirty year old salesman who spends approximately 4 days each week traveling to visit with customers in

From the other preparation analyze the key points that : 1-from the other preparation analyze the key points that caused the enron massive fraud. from your analysis recommend

Find total revenue for each quantity equal to 10000 20000 : johnny rockabilly has just finished recording his latest cd. his record companys marketing department determines that

What do you think about the increasing use of restrictive : select any three questions from the list below and post your response in the discussion forum.should employers offer

Describe the significance of her finding in relationship to : response should be at least 150 words long. sentence should be well developed show logical and independent critical

Explain how advertising could increase and how it could : .economists have taken opposite stands on the effect advertising can have on the level of competition in a

Use the expanded accounting equation to answer each of the : use the expanded accounting equation to answer each of the following questions.a the liabilities of roman company are

User Account

All Pages