Mathematics-functions and graphs

Assignment Help Financial Accounting

Reference no: EM13130937

The demand for a certain commodity is given by

D(x) = -50x + 800; that is, x units of the commodity will be demanded by consumers when the price is p = D(x) dollars per unit. Total consumer expenditure E(x) is the amount of money consumers pay to buy x units of the commodity.

a) Express consumer expenditure as a function of x, and sketch the graph E(x).

b) Use the graph in part (a) to determine the level of production x at which consumer expenditure is largest. What price p correspnds to maximum consumer expenditure?

Reference no: EM13130937

Questions Cloud

Why might decision makers use cvp analysis : For what is cost-volume-profit (CVP) analysis used? What are some main underlying assumptions that make CVP analysis useful for decision makers? Why might decision makers use CVP analysis?

Why is fraud still occurring at these businesses : Yet fraud continues to be a problem in business. Since codes of ethics usually contain anti-fraud statements, why is fraud still occurring at these businesses?

What is the volume of cylinder b : Gas cylinder A has a volume of 48.2 L and contains N2(g) at 8.35 atm at 25 ºC. Gas cylinder B, of unknown volume, contains He(g) at 9.50 atm at 25 ºC

Addressing comprehensive income : Determine how the authoritative literature addresses comprehensive income and illustrate with an example.

Mathematics-functions and graphs : Use the graph in part (a) to determine the level of production x at which consumer expenditure is largest. What price p correspnds to maximum consumer expenditure?

Confidence intervals should include true population mean : Does the 99% confidence interval contain the actual population mean? If not, explain why not. What proportion of many similarly constructed confidence intervals should include the true population mean value?

Evaluate the general procedure of accounting for bankruptcie : Evaluate the general procedure of accounting for bankruptcies and create at least one recommendation for improving existing practices. Providing examples of just how your recommendation would be an improvement can be helpful.

Compute the annual approximate interest cost : Trade Credit Discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations?

Estimate confidence average cost of a visit for patients : The standard deviation for the costs of all doctors visits is $35.15, estimate with 95% confidence the average cost of a doctors visit for all the patients of this medical clinic.

User Account

All Pages