A) The monthly demand function for particlar prodct q = f(p) = 30000 - 25p Determine the quadratic total revenue function, where Ris a function of p or R=g(p). What is the concavity of the function?What is the q intercept?What does total revenue equal at a price of $60? How many units will be demanded at this price? At what price will total revenue be maximized? B) Consder the linear equation 4x -3y = 36 What is the slope of the line represented by the given equation?What is the slope of any line perpendicular to the given line? C) Find ?′(2) and determine the values of x for which ?′(?) = 0 i)?(?) = ??2?-2? ii)?(?) = (2? − 8)5
A) The monthly demand function for particlar prodct q = f(p) = 30000 - 25p Determine the quadratic total revenue function, where Ris a function of p or R=g(p). What is the concavity of the function?What is the q intercept?What does total revenue equal at a price of $60? How many units will be demanded at this price? At what price will total revenue be maximized? B) Consder the linear equation 4x -3y = 36 What is the slope of the line represented by the given equation?What is the slope of any line perpendicular to the given line? C) Find ?′(2) and determine the values of x for which ?′(?) = 0 i)?(?) = ??2?-2? ii)?(?) = (2? − 8)5
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A) The monthly
q = f(p) = 30000 - 25p
Determine the quadratic total revenue function, where Ris a function of p or R=g(p). What is the concavity of the function?What is the q intercept?What does total revenue equal at a price of $60? How many units will be demanded at this price? At what price will total revenue be maximized?
B) Consder the linear equation 4x -3y = 36
What is the slope of the line represented by the given equation?What is the slope of any line perpendicular to the given line?
C) Find ?′(2) and determine the values of x for which ?′(?) = 0
i)?(?) = ??2?-2?
ii)?(?) = (2? − 8)5
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