User Account

All Pages

Write an equation for total revenue

Assignment Help Business Management
Reference no: EM131742869

Given P= 1000-100Q (where demanded/purchased and P=price per unit)

a) Write an equation for total revenue (TR)in term of Q. Define AR (Average revenue).

b) Define MR (marginal revenue) and derive equation for MR using the equation of TR above.

c) Determine the value of Q at which TR is at maximum. How do you know that TR attained its maximum at that point? Verify your conclusion.

d) Given Q= 1000-100P (where Q=quantity demanded/purchased and P = price per unit), define TR in terms of P(and write an equation for TR in term of P). You may repeat part (a), (b), and (c). compare your answers in parts a, b, and c

Reference no: EM131742869

Questions Cloud

Express the total amount the company will have to spend : Define random variables and use them to express the total amount the company will have to spend to send these delegations to the two meetings.
Develop a social media marketing plan : Do you believe that Kelly Lester's business is a candidate for reshoring? Explain.Develop a social media marketing plan for Easy Lunchboxes.
Broad characteristics of the labor movement : Describe the broad characteristics of the labor movement and the basic structure of a labor union.
Discuss each of the four types of abilities : Discuss each of the four types of abilities as identified in the Emotional Intelligence Theory developed by Caruso and Salovey (2004).
Write an equation for total revenue : Given P= 1000-100Q (where demanded/purchased and P=price per unit) a) Write an equation for total revenue (TR)in term of Q. Define AR (Average revenue).
What are the mean and standard deviation of net winnings : A game. To play a game, you must pay $5 for each play. There is a 10% chance you will win $5, a 40% chance you will win $7, and a 50% chance you will win.
Determine the value of salary surveys to an organization : Describe the compensation philosophy of Maersk and how the market influences this philosophy. Determine the value of salary surveys to an organization.
Identify the steps uber can take : While creating a new type of entrepreneurship for individuals, it raises a host of new legal questions for companies around the law of agency.
Which approach would you use : What would you do? Which approach would you use, individualistic, communal or both? Explain.

Reviews

Write a Review

Business Management Questions & Answers

  Interpret how to create a time series chart

Interpret how to create a Time Series Chart. Extend your chart to reflect the time series addition, and include chart snapshots in your explanation.

  Brandishing an automatic weapon

A disgruntled worker is brandishing an automatic weapon. You're near a door. If you try to warn others you may not escape. Do you save yourself?

  Conduct an interview with hrd-od professional

Identify an organization that you have access to in order to conduct an interview with an HRD/OD professional. The organization can be your current employer, a Fortune 500 organization, or a selected organization approved by your instructor.

  Identify relevant management issue

Management in Today's World - management principles are seen in every organizational system existing today.  As such top managers are expected to demonstrate the following in their roles within the organization:

  Benefits of employee diversity

Describe various approaches that managers may use to enjoy the benefits of employee diversity and meet the challenges associated with diversity.

  What is bureaucratic organization

What is Bureaucratic Organization and how does it differ from a simple structure?

  Relationship between price elasticity and total revenue

What is the definition of price elasticity of demand? Explain the relationship between price elasticity and total revenue? How does price elasticity of demand affect a firm's pricing decisions?

  What is the level of production

(A) What is the level of production, price, and total profit per week?

  How is your behavior as a consumer consistent

How is your behavior as a consumer consistent with the selected primary and secondary group classification descriptions

  Develop targeted solutions

Engstrom Auto Mirror Plant: Motivating in Good Times and Bad," applying human behavior theories and concepts to develop targeted solutions.

  Herzberg motivation-hygiene theory

One such behavioral scientist by the name of Herzberg gave the two-factor theory of motivation. According to Herzberg's motivation-hygiene theory, which of the following are hygiene factors?

  Different operations can be represented

How does MIPS instruction set provide additional operations in addition to that can be represented by the 6-bit opcode?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd