Fast pls solve this question correctly in 5 min pls I will give u like for sureAnuplease solve example 9, show steps and reference example 8 thank you Example 8The total revenue, in dollars, for selling popsicles is given by the functionR(x)=40x-0.05x².MR = Pi'(x)R' (40)What is the marginal revenue when 40 popsicles are sold? What does that mean?MR= R(x) = R'(40) = 3640+.1x=36when X-40, marg.rev. is 36Example 9EXRecall that the total revenue function is the price per unit times the number of unitsdemanded. If the demand for a certain product is given by the price p, in dollars,according to p=- +x, for x>0, find and explain the meaning of the marginal revenue√x500when 100 units are demanded.35

Marginal revenue (MR) pertains to the extra income obtained by selling an additional unit of a…

Example 9 Recall that the total revenue function is the price per unit times the number of units demanded. If the demand for a certain product is given by the price p, in dollars, 500 according to p+x, for x>0, find and explain the meaning of the marginal revenue VX when 100 units are demanded.

Example 9 Recall that the total revenue function is the price per unit times the number of units demanded. If the demand for a certain product is given by the price p, in dollars, 500 according to p+x, for x>0, find and explain the meaning of the marginal revenue VX when 100 units are demanded.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Only typed answer and please don't use chatgpt Suppose a manufacturer of software develops a new computer program that sells for $50. The $50 cost includes $0.25 for the CD it is stored on, $5 for the labor of the company software programmers, and $1.75 for packaging materials and transportation costs. Value added by the software company is Select one: A $48.25 B $48 C544.7S D $49.75
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Total Total Total Product Fixed Variable (Blankets) Cost Cost 0 A 0 1 60 25 2 60 40 3 60 I 4 60 55 5 60 55 6 60 70 7 60 100 8 60 145 A What is the numerical value of B? A/ What is the numerical value of C? A/ Total Cost What is the numerical value of D? B 85 100 110 G 115 130 160 205 Average Average Average Variable Total Fixed Cost Cost cost - с 60 30 20 15 12 8.6 7.5 25 20 16.7 13.8 Ꭰ 11.7 14.3 18.1 E The table describes the short-run daily costs of the Baby Blanket Company. What is the numerical value of A? 85 36.7 28.8 J 21.7 22.9 25.6 Marginal Cost F H 15 10 0 15 30 45
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Output TFC 0 $500 2 500 4 CO 00 6 8 10 500 500 500 500 TVC $0 200 340 590 1000 1650 TC $500 700 840 1090 1500 2150
AutoSave File Document! Word Chris Navo Home Insert Draw Design Layout References Mailings Review View MathType Help Acrobat Graphs Format Cobb and Douglas used economic data published by the government to obtain Table 2. Year P Year 1899 100 100 DOL 1911 148 216 1900 101 105 107 1912 155 1901 112 110 114 1912 1902 122 117 122 1014 169 152 244 1903 124 122 131 1915 109 156 266 1904 122 121 138 1916 225 183 1905 143 125 149 1917 227 1905 152 124 163 1915 223 201 1907 151 140 170 1919 218 19.08 126 123 485 1920 231 104 407 19.09 155 143 198 1921 179 146 417 1910 159 208 1922 240 161 431 Table 2 Swords et Predictions. The Cobb Douglass formula is P(L, K) = bLa K¹-a Determine monetary value of all the goods produced in 1 year or simply the production level in 1920 for a=.20 and b=1.01. Round to one decimal place.