0.2x The price-demand equation for the production of x ski jackets is given by: p = 200 1. Write the revenue function. 2. Find the total revenue when 80 ski jackets are produced and sold. F. Find the marginal revenue function.
0.2x The price-demand equation for the production of x ski jackets is given by: p = 200 1. Write the revenue function. 2. Find the total revenue when 80 ski jackets are produced and sold. F. Find the marginal revenue function.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 1.7CE
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I’m dyslexic please write clearly
![Feb 23
The price-demand equation for the production of x ski jackets is given by: p 200 - 0.2x
1.
Write the revenue function.
2.
Find the total revenue when 80 ski jackets are produced and sold.
3. Find the marginal revenue function.
4. Evaluate the marginal revenue at x = 80.
5. Interpret the results from #4.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce4c2643-0b23-41be-9e30-8b0894bb3d3a%2Fd6246ed9-ec84-4c68-b23e-428ea3e16d8e%2F6fadjwa_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Feb 23
The price-demand equation for the production of x ski jackets is given by: p 200 - 0.2x
1.
Write the revenue function.
2.
Find the total revenue when 80 ski jackets are produced and sold.
3. Find the marginal revenue function.
4. Evaluate the marginal revenue at x = 80.
5. Interpret the results from #4.
![23
6. Find the average revenue function.
7. Find the average revenue when 80 ski jackets are sold.
8. Find the marginal average revenue function.
9. Evaluate the marginal average revenue at x = 80.
10. Interpret the results from #9.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce4c2643-0b23-41be-9e30-8b0894bb3d3a%2Fd6246ed9-ec84-4c68-b23e-428ea3e16d8e%2Flz40gz_processed.jpeg&w=3840&q=75)
Transcribed Image Text:23
6. Find the average revenue function.
7. Find the average revenue when 80 ski jackets are sold.
8. Find the marginal average revenue function.
9. Evaluate the marginal average revenue at x = 80.
10. Interpret the results from #9.
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