The demand and cost equations for the production of a certain ancillary component of HDTVs are given by p(x) = 300 number of components which can be sold at a price of $p and C(x) the cost of producing x number of components. - x and C(x) = 15000 + 30x where x is the 30

The demand and cost equations for the production of a certain ancillary component of HDTVs are given by p(x) = 300 number of components which can be sold at a price of $p and C(x) the cost of producing x number of components. - x and C(x) = 15000 + 30x where x is the 30

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: major league baseball plans to sell special commemorative jerseys for the world series. the…

A: C(x)= 10x2-680x-20,000 MLB plans to sell them for 120 dollars each

Q: 100 90 80 ATC 70 50 30 AVC 20 MC 10 + 0 0 5 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of pans)…

A: In perfect competition we assume that the marginal cost curve is same as the supply curve. The below…

Q: If total cost is $2100 and the output is 40 units Calculate average cost

A: The information being provided to us is:- Total cost of the firm = $2100 Output = 40 units

Q: READ all instructions carefully before you begin. Label your page/ document with: PART 1.…

A: Here are the graphs depicting externalities, each accurately drawn and annotated as per the…

Q: Construct the cost schedule

A: Cost schedule refers to the table that shows the total cost of production at different levels of…

Q: My friend’s aunt used to drive a Lincoln/Mercury Capri. It cost $2,999 in 1973. This sounds…

A: The consumer price index in the year 1973 was 44.4. The latest CPI that is CPI in year 2020…

Q: MC 0.90 0 85 ATC 0.80 0 75 0.70 AVC 0.65 0.60 0.55 0.50 0.45 0.40 150 200 250 300 350 400 50 100

A: The average total cost curve helps to show the connection between output level and per-unit cost…

Q: How can the calculation of the Unit-Cost be done?

A: Fixed cost refers to those costs that remain the same regardless of the level of production.…

Q: Discuss how your priorities would affect the underlying interests ofbothyour team and the other…

A: Objective Alignment:Positive Impact: Teams are more aware of how their work affects the overall…

Q: Calculate the profits when total cost is $2900 and the total revenue is $3300

A: # The difference between the total revenue and the total cost incurred by the firm gives the profits…

Q: Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $140 for a…

A: It is the difference between cost price and the selling price of product. The markup is the amount…

Q: If output is 34 unit and total cost is $1300 Find average Cost

A: According to the question, the values given are:- Output = 34 units Total cost = $1300 We need to…

Q: If total cost is $320 and output is 4 units Calculate AC

A: The information being given to us is:- Total cost of the firm = $320 Output = 4 units We have to…

Q: Calculate the value of total revenue if profit is $3000 and total cost is $1800

A: According to the above given question,we have the values:- Total cost = $1800 Profits = $3000 Using…

Q: You just received your midterm exam results andyour professor wrote the following note: “Youreceived…

A: In economics, positive statements are those that are objective as well as testable in nature. Such…

Q: Choose a current news item about a company enduring a difficult situation such as layoffs,…

A: Two incredible powers are transforming the very nature of work: robotization and ever fiercer…

Q: Find total revenue generated by firm if profit is $550 and the total cost is $300

A: The data presented in the question above is:- Profit = $550 Total cost = $300 Using this information…

Q: Calculate profits if total revenue is $6500 and the total cost is $2300

A: Answer: Given, Total revenue = $6500 Total cost = $2300 Profit = Total revenue - Total cost Profit =…

Q: Jonah bought a bracelet at original cost $24 to sell in his handicraft store. The markup was 25% on…

A: Markup refers to the amount added to the cost of a product or service in order to determine its…

Q: Question: The profit for a product can be described by the function P(x) = 840x - 75.6 - 0.4x^2…

Q: If total cost is $320 and output is 4 units Calculate AC

A: Average cost (AC), also known as average total cost (ATC), is the average cost per unit of output.

Q: Alex is a hard-working college sophomore. One Saturday, he decides to work nonstop until he has…

A: Marginal gain is the addition to the total gain by employing an additional unit of input. Time spend…

Q: Calculate the value of total revenue if total cost is $6500 and profits are $800

A: The information given in the question is:- Total cost = $6500 Profits = $800 Total revenue = ? We…

Q: get step by step solutions

A: Step 1: Kindly try reuploading the question.I think you forgot to ask the question so, nothing can…

Question

Needed to be solved this question correctly in 15 minutes and get the thumbs up please show me neat and clean work as soon as possible

The demand and cost equations for the production of a certain ancillary component
of HDTVs are given by
1
p(x) = 300
30
-x and C(x) = 15000 + 30x where x is the
number of components which can be sold at a price of $p and C(x) the cost of
producing x number of components.
-
1. Find marginal revenue at the production level of 150 components and write in
words the meaning of i
2. Determine number of components x that will maximize the revenue. (Show
appropriate work that leads you to the answer)
Edit View Insert Format Tools Table
Paragraph V BI U
12pt v
A 2 T²:

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Identify a minimum of 5 features/tools that are offered.
how to answer this?
Give an introduction to the organisation then comment on the organization's strategy, how they are positioned in the market and their external environment Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
which quote best represents a person performing a cost-benfit analysis?
what is Operational definition Repeat Purchase for food customer?
Bill works for a large food service company. In one hour he can make 13 sandwiches or he can make 36 salads. Bill works 8 hours per day. If Bill needs to make 33 sandwiches then how many salads can he make? Round your answer to the nearest whole number.
Please see the attached two pictures, one for the graph, and the other for the questions.