Signals the objective of maximizing revenue

Assignment Help Basic Computer Science
Reference no: EM131979480

Question: The demand for product Q is given by Q = 385 - P and the total cost of Q by

STC = 3000 + 40Q -5Q+ 1/3Q2

(c) 47 units

(d) $338

1. What total profit will result from selling the quantity found in (c) at the price found in (d)? Remember, profit is TR - STC.

2. At what level of Q is revenue maximized? Remember let MR = 0 and solve for Q. MR = 0 signals the objective of maximizing revenue.

Reference no: EM131979480

Questions Cloud

What is the PV for both the options : If the interest rate is 8 percent compounded monthly, what is the PV for both the options?
Prepare a budgeted income statement for each month : Prepare a budgeted income statement for each month during the May to July period. (Assume no expenses owing from the previous period.)
Communist china have that something else : Is Communist China a capitalist economy?. To what extent does Communist China have that something else.
What is the PV of these expenses : Draw the time line and show educational expenses on it. What is the PV of these expenses?
Signals the objective of maximizing revenue : At what level of Q is revenue maximized? Remember let MR = 0 and solve for Q. MR = 0 signals the objective of maximizing revenue.
The purchase of new equipment to replace some old : The Startracks corporation is considering the purchase of new equipment to replace some old, existing equipment.
Considering investing in project with the cash flows : Suppose your firm is considering investing in a project with the cash flows shown below,
Purchase of new machine for the production of latex : Vandalay Industries is considering the purchase of a new machine for the production of latex.
Consider the remaining loan contract to be worth : what value would the investor consider the remaining loan contract to be worth?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Importance of normalization in relation to this project

Continue working on Service Request SR-ht-003, due in Week Five, by completing Change Requests 4 and 5.Create documentation describing the principles and importance of normalization in relation to this project and the process by which this project ..

  How adopting the assumptions and factual claims

Next, consider how adopting the assumptions and factual claims associated with "American Exceptionalism" may explain the choices our government

  What kind of variable is the company studying

The researchers measure how many minutes it takes for half of the substance to exit the bloodstream. What kind of variable is the company studying?

  Steps to troubleshoot the problem

A laptop reports that it has made a wireless network connection, but it cannot access the network or the Internet. What are the steps to troubleshoot the problem?

  Extra credit for database project wk

Extra Credit for Database Project wk8

  Explain why customer-centered design is important

Explain why customer-centered design is important. Explain why it is important to understand visitors to your site who are not your customers and visit

  Think about a world in which there were no international

Think about a world in which there were no international trade. What would be different in your life? In your career in Human Resources?

  Broad cost-containment approaches used in united states

What are some of the main differences between broad cost-containment approaches used in the United States and those used in other countries (example)?

  Suppose you were a system librarian

1. Suppose you were a system librarian. Using entity relationship diagramming notation, describe the database you would need to keep track of the information necessary in your job. Consider operational, managerial, and planning aspects of the job.

  Standard deviation of the filling process

Suppose that you have never tested this process, so do not know the standard deviation of the filling process. A sample of 40boxes has been taken, and you find the mean to be 362.3 grams and a standarddeviation of 2.3 grams.

  Implement a major computer system

Have you observed an employer implement or attempt to implement a major computer system or make a major change to an existing computer system? To what extent did all of this happen?

  What is the general set of circumstances under 4 bit errors

What is the general set of circumstances under which 4-bit errors will be undetected?

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