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Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by p = 400 - 0.2x where x is the number of units and p is the price in dollars. (a) Find the total revenue from the sale of 500 units. $ ______________ (b) Find the marginal revenue MR at 500 units. MR = $ _____________ Interpret this value. A-The 501st unit will bring in |MR| dollars more in revenue. B-The 501st unit will lose |MR| dollars more in revenue. C-The 501st unit will lose |MR| hundred dollars more in revenue. D-The 501st unit will bring in |MR| hundred dollars more in revenue. Incorrect: Your answer is incorrect. (c) Is more revenue expected from the 501st unit sold or from the 701st? Explain. The 701st unit will bring in $ ___________ more in revenue. Thus which the A- 501 or B- 701 unit will bring in more revenue?
A boat traveled 210 miles downstream and back. The trip downstream took 10 hours. The trip backtook 70 hours. What is the speed of the boat in still water? What is the speed of the current?
Give an examples of a function f from a vector space to a vector space which is homogeneous af(x)=f(ax) but not linear.
The speeds of cars on a road are approximately normally distributed with a mean µ = 58 km/hr and standard deviation s = 4 km/hr.
a boat can travel 124 mph in still water. if it travels 203 miles with the current in the same length of time it travels 133 miles against the current, what is the speed of the current?
Robert is travelling on his cycle and has calculated to reach point A at 2 P.M. if he travels at 10 kmph, he will reach there at 12 noon if he travels at 15 kmph. At what speed must he travel to reach A at 1 P.M.?
tyrone is selling 4 pizzas by the slice to help raise money for the marching band. After lunch, he has 2 1/2 pizas remaining. During dinner he sells 1/4 remaining pizza. Write an expression can be used to find the amount of all 4 pizzas Tyrone sol..
A colony of bacteria is growing exponentially, doubling in size every 140 minutes. How many minutes will it take for the colony of bacteria to triple in size?
What are some positive and negative factors surrounding no interest, no money down, and delayed payment loans?
Diabetes and unemployment. A 2012 Gallup poll surveyed Americans about their employment status and whether or not they have diabetes.
In your own words, briefly compare the strengths and weaknesses (pros and cons) of the graphical, substitution, and elimination methods as applied to the solution of two equations with the same two variables in each.
discover that a certain prescription drug has an average price of $40 for $20 pills with a standard deviation of $5. Using this information, deduce with 95% accuracy where the national average cost of 20 pills lies
When adding or subtracting radical expressions, what must be true about the radicand (the data under the radical symbol) and the index? If the problem does not meet this criteria, what must be done?
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