P= 25- 0.01 xprice -demond equation ond cost function,4) LetCx) = 2x+9000,andOx<2500be there spectively , for the manufacture of umbrellas .a) Express the revenue in terms of x,andfindthe Norginal revenue, average revenue ond morginalfunctions.ノavera ge revenueb) Find thebreak -ever point (s). Graph R=R(x) andCoordinateC-CCx)on the samesystem,ond locateregions of profit and loss.c) Evaluate the Marginal profit at x=lo00. Interpretthe result-Good Luck

The break-even point is a financial concept that represents the level of sales or operations at…

P= 25- 0.01 x price -demond equation and cost function, 4) Let and C(x)= 2x +9000 , be the re spectively , for the manufacture of umbrellas . a) Express the revenue in terms of x, and find the Norginae revenue, average functions. revenue and Marginal avera ge revenue b) Find the -even point (s). Graph R=R(x) nd coordinate system, and locate break C-CCx) on the same regions of profit and loss. c) Evaluate the Marginal profit at x =lo00. Interpret the result-

P= 25- 0.01 x price -demond equation and cost function, 4) Let and C(x)= 2x +9000 , be the re spectively , for the manufacture of umbrellas . a) Express the revenue in terms of x, and find the Norginae revenue, average functions. revenue and Marginal avera ge revenue b) Find the -even point (s). Graph R=R(x) nd coordinate system, and locate break C-CCx) on the same regions of profit and loss. c) Evaluate the Marginal profit at x =lo00. Interpret the result-

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Form Utility

The term utility in general refers to the satisfaction earned from usage of a particular product or service. Utility always plays an important role because it influences various important elements like demand & thereby the price of the good or service as well. Though utility is not easy to measure, various types of economic models can be used indirectly. There can be various types of utilities like economic utility, marginal utility, cardinal utility, form utility.

Question

P= 25- 0.01 x
price -demond equation ond cost function,
4) Let
Cx) = 2x+9000,
and
Ox<2500
be the
re spectively , for the manufacture of umbrellas .
a) Express the revenue in terms of x,
and
find
the Norginal revenue, average revenue ond morginal
functions.
ノ
avera ge revenue
b) Find the
break -ever point (s). Graph R=R(x) and
Coordinate
C-CCx)
on the same
system
,ond locate
regions of profit and loss.
c) Evaluate the Marginal profit at x=lo00. Interpret
the result-
Good Luck

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