8. A company is increasing production of oven mitts at the rate of 4 per day. All oven mitts that are produced are sold. The daily demand function is given by p = 10- where q is the number of units produced and sold and p is price in dollars. Find the rate of change of revenue over time (in days) when the daily production is 150 units. 250 Identify Givens Revenue Function rate of change of revenue

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Q: What formula did you use for demand

A: What formula did you use for demand?

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Q: It costs C(x)=x² + 400 dollars to produce x number of televisions. 5. A. Find the average cost…

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Q: The value, v of a computer is modeled by the function V(t)=500(0.82)^t where t is the number of…

A: The value of computer is modeled by the function,  V(t) = 500(0.82)t Where t is time in years

Q: How do you determine whether demand is inelastic?  elastic?  Describe what a corporation should do…

A: Let q = f (p), where q is the demand at a price p. Then, the elasticity of demand E is,

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Q: Given the demand function P = 80 – 2Q, what is the Marginal Revenue when P is 40? A. 0 B 1 C 2 D 4…

A: Use the following formulae, to obtain the solution.  Revenue, R=Price×QuantityMarginal Revenue,…

Q: (3) The demand function for a tablet is given by the model p= 200–16x where p is measured in dollars…

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Q: The manufacturer has developed the following table showing the highest price p, in dollars, of a…

A: Given :  The formula p = 50 − 0.04 N, where p is the price in dollars .   To determine : (a) Use the…

Q: F Find the slope of the demand curve containing the following pair of points: (1,7) and (2,-4) The…

A: The given points are