Question: The price - demand equation and the cost function for the production of HDTV s are given respectively by x = 9000 – 30 p and C(x) = 150000 + 30 x where x is the number of HDTVS that can be sold at a price of $p per TV and C(x) is the total cost (in dollars) of producing x TVs. A. Express the price p as a function of the demand x, and find the domain of this function. B. Find the marginal cost. C. Find the Revenue function and state its domain.
Question: The price - demand equation and the cost function for the production of HDTV s are given respectively by x = 9000 – 30 p and C(x) = 150000 + 30 x where x is the number of HDTVS that can be sold at a price of $p per TV and C(x) is the total cost (in dollars) of producing x TVs. A. Express the price p as a function of the demand x, and find the domain of this function. B. Find the marginal cost. C. Find the Revenue function and state its domain.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Question: The price - demand equation and the cost function for the production of
HDTV s are given respectively by
x = 9000 – 30 p and C(x) = 150000 + 30 x
where x is the number of HDTVS that can be sold at a price of $p per TV and C(x) is
the total cost (in dollars) of producing x TVs.
A. Express the price p as a function of the demand x, and find the domain of this
function.
B. Find the marginal cost.
C. Find the Revenue function and state its domain.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9c9a2164-c528-4a9d-9745-01a38484c3c6%2F47e4a9c1-0986-420d-8eed-7341f6281e9a%2Fs0l1dol.jpeg&w=3840&q=75)
Transcribed Image Text:Question: The price - demand equation and the cost function for the production of
HDTV s are given respectively by
x = 9000 – 30 p and C(x) = 150000 + 30 x
where x is the number of HDTVS that can be sold at a price of $p per TV and C(x) is
the total cost (in dollars) of producing x TVs.
A. Express the price p as a function of the demand x, and find the domain of this
function.
B. Find the marginal cost.
C. Find the Revenue function and state its domain.
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