What is the maximum revenue

Assignment Help Basic Computer Science
Reference no: EM131789623

(a) Graph the marginal revenue function from Problem 3.

(b) At what value of x will total revenue be maximized for Problem 3.

(c) What is the maximum revenue?

Problem 3

Suppose that the total revenue function for a commodity is R = 36x - 0.01x2.

(a) Find R(100) and tell what it represents.

(b) Find the marginal revenue function.

(c) Find the marginal revenue at x = 100, and tell what it predicts about the sale of the next unit and the next 3 units.

(d) Find R(101) - R(100) and explain what this value represents.

Reference no: EM131789623

Questions Cloud

Find and interpret the marginal revenue : Suppose that in a monopoly market, the demand function for a product is given by p = 160 - 0.1x where x is the number of units and p is the price in dollars.
Delivery of food and nutrition services requires knowledge : Delivery of food and nutrition services requires knowledge of many parts of the operation.
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?

Reviews

Write a Review

Basic Computer Science Questions & Answers

  What is qos what is it used for and how does it work

What is QOS what is it used for and how does it work and What are the differences between Inserv and Diffserv

  What is the probability that they will spell

If the letters R, A, N, D, O, M are placed in a random order, what is the probability that they will spell RANDOM?

  Attacks on block ciphers by means of an exhaustive

We consider known-plaintext attacks on block ciphers by means of an exhaustive key search where the key is k bits long. The block length counts n bits with n > k.

  Unit outsource a function or activity

In one page write a discussion on. When should a corporation or business unit outsource a function or activity?

  Determining the messaging servers

You were hired as a Consultant for a Medium size organization. They operate a Microsoft Exchange Messaging Server. They have 5 functional departments. Among them are Sales and Accounts Receivables.

  Offering virtualization products

There are many vendors offering virtualization products deploying Type 2 hypervisor technology, i.e. virtualization applications that must be installed.

  Cost-effective way of doing business

Downloading products or controlling access to Web resources is a cost-effective way of doing business.

  Write function named prompt open that prompts for file name

Write a function named prompt open that prompts for a file name and repeatedly attempts to read the specified file until a correctly specified file.

  Find the minimum element in an array of numbers

Consider the following algorithm to find the minimum element in an array of numbers A[0,...,n]. One extra variable tmp is allocated to hold the current minimum value. Start from A[0]; "tmp" is compared against A[1], A[2], . . . , A[N] in order. Wh..

  Components of an instructional strategy

we discussed the importance of planning your instructional strategy. What are the components of an instructional strategy? How important is the room layout and what impact does it have on the effectiveness of training?

  Explain what aspects of the system should be evaluated

What aspects of the system do you think should be evaluated. Are those aspects considered in the evaluation. What is the experimental testbed used. What experiments were performed. Details of experimental results. What aspects of the system were n..

  Define usefulness of office suites

Assume that you did not have access to Microsoft Office or other compatible application suites. Describe at least three (3) tasks that you would not be able to perform without Microsoft Office 2013.

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