Revenue function for a commodity

Assignment Help Basic Computer Science

Reference no: EM131789621

(a) Graph the marginal revenue function from Problem 4.

(b) Determine the number of units that must be sold to maximize total revenue.

Suppose that the total revenue function for a commodity is R(x) = 25x - 0.05x².

(a) Find R(50) and tell what it represents.

(b) Find the marginal revenue function.

(d) Find R(51) - R(50) and explain what this value represents.

Reference no: EM131789621

Questions Cloud

Compute the material variances and labor variances : During March Manhattan Fabrics Corporation manufactured 1,000 units of a special multilayer fabric. Compute the Material Variances and Labor Variances.

Explain why workers bear general training costs : Investing in Human capital is an individual decision. A. List and explain three factors the lead to individual differences in human capital investment.

What is the maximum revenue : (a) Graph the marginal revenue function from Problem 3.

Which histogram do you think was for ten thousand rolls : Refer to Histograms A, B, and C, which show the relative frequencies from experiments in which a fair six-sided die was rolled.

Revenue function for a commodity : Determine the number of units that must be sold to maximize total revenue.

Dolphin sales lifo cost of ending inventory would be : Dolphin Sales LIFO cost of ending inventory would be

What are the determinates of an effective leader : Write a description of the effective leader and the necessary attributes. What are the determinates of an effective leader?

Problem on the government purchases multiplier : Suppose that real GDP is currently $17.1 trillion, potential GDP is $17.4 trillion, the government purchases multiplier is 2, and the tax multiplier is -1.6.

Calculate sales in dollars flower must have to break even : Begin by showing the formula and then entering the amounts to calculate the sales in dollars Flower must have to break even

User Account

All Pages