A company makes two products, A and B, whose joint demand functions are 9. = 90 -4p. -2p. 9,- 50-2p. --2p. b) Show that the total revenue function for this company is r = 90p. -4pi -4P.Pa +50p, -2pg?

word_media_image3.png

word_media_image1.png

word_media_image2.png

answers

watching

124

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

adieLv10

17 Apr 2022

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Jean KeelingLv2

10 Jul 2018

Already have an account? Log in

Related questions

9. Cost and Revenue functions C(q) and Rq) correspondingly for the company that produces heaters is shown in the figure below. (4+ 4 = 8] 3600+ MR 3200+ 2400+ Ra) 2400+ Marginal cost MR 2000+ 1600+ MC=c 1200- 890 Marginal revenue 30 60 90 120 150 180 210 240 270 300 MRER R (a) Is it a good idea to increase the production level from 90 to 91 heaters? Explain using marginal revenue and marginal cost. Slope of C is less than slope of Marginal cost s Aarginal revenue. We want to increase production, since the next item brings in more revence than it costs to produce. (b) Is it a good idea to increase the production level from 210 to 211 heaters? Explain using marginal revenue and marginal cost.

4. (10 marks) The publisher Entertainment Arbitrator sells the popular video game Sprockets of Peace. When each copy of the game is priced at $40, the weekly demand is 8000 copies. For every $1 increase in price, the number sold per week decreases by 50. Assume that it costs $20 to produce each copy of the game. (a) Find the linear demand equation. Use p for the unit price and q for the weekly demand (b) Find the weekly cost function C(q) as a function of q. (c) Find the weekly revenue function R(q) as a function of q.

5. (a) Assume p = f(q) = (q + 3)e-9 is a demand function where q> 0 is quantity. Find all values of such that the (point) elasticity of demand is elastic. [9 points) (b) In this question assume all money is in units of $1,000's. An initial investment of 47 in a small business is guaranteed to produce the following cash flows: 5 at the end of Year 1; 14 at the end of Year 2; F at the end of Year 4. Interest is 4% APR compounding quarterly. The letter F represents the cash flow pay- ment amount that makes the business "neutral" (i.e. the business has no loss and no profit). Solve for F. [5 points)

Weekly leaderboard

Home

Homework Help 3,900,000

Mathematics 240,000

A company makes two products, A and B, whose joint demand functions are 9. = 90 -4p. -2p. 9,- 50-2p. --2p. b) Show that the total revenue function for this company is r = 90p. -4pi -4P.Pa +50p, -2pg?

Unlock all answers

Related questions

Related Documents

MATH 205 Final: MATH 205 KSU Final Exam f11

MATH 220 Chapter Notes - Chapter 2.7: Second Derivative, Price Equation, Marginal Cost

MATH 110 Lecture 19: Elasticity vs. Total Revenue

Weekly leaderboard