A company determined that total revenue is a function of the price charged for its product. The total revenue function is I(p)= - 25p2 + 875p. Where p is the price in pesos: a) Determine the price that maximizes total revenue b) What is the maximum income?

Q: Managers at an electronics manufacturer estimate that to sell x units of a particular computer each…

A: Given Price of computer should be  P(x) = 2000 - 12x  Total cost of production  C(x) = 1275 + 800x

Q: Pierce Manufacturing determines that the daily​ revenue, in​ dollars, from the sale of x lawn chairs…

A: Given: Daily Revenue, Rx=0.005x3+0.05x2+0.6x            Number of daily sellings chairs=50To find:…

Q: A company that manufactures small canoes has a fixed cost of $24,000. It costs $120 to produce each…

A: A company manufactures small canoes has a fixed cost of $24,000 and it costs $120 to produce each…

Q: The total revenue function for a product is given by R = 540x dollars, and the total cost function…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: The supply function q=f(p) for a produ

A: Given that the supply function q=f(p) for a product is quadratic. Three points which lie in the…

Q: The total value of sales on eBay has increased annually since it was founded in 1995. That value is…

A:

Q: A manufacturer has been selling 1600 television sets a week at $390 each. A market survey indicates…

A:

Q: Find the consumer and producer surpluses by using the demand and supply functions, where p is the…

A: We will equate the demand and supply function to find number of units at equilibrium.

Q: The company can sell the item for $90,000 each. a) Write a cost function C(x) and a revenue function…

A: Given query is to find cost function, revenue function and profit function.