The marginal revenue function for a monopolistic firm's product isdr60dą25 + 0.3qWhen the demand for their good is q250, their revenue is ...

Answered: The marginal revenue function for a…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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Similar questions

The marginal revenue function for a product is given by: MR(x) = 6x² + 2x +2 If the revenue from the sale of 6 items is $100, find the revenue from the sale of 10 items.
Suppose there are 100 farmers each with 10 acres that overlie a common groundwater aquifer. They all have identical farmland that is more productive if wells are used to pump the groundwater for irrigation. They all face a marginal cost of $10 per well. The average productivity (in $ of crop output) of the wells of the common aquifer is given by AP = 100 – W where W is the number of wells drilled into the aquifer. 1. Now assume one farmer buys all the land – how many wells will be drilled and what will be the rent generated. A. 45; 2025 B. 90; 2025 C. 60; 1000 D. 90; 0 E. 45; 0 F. None of the above
The price p and the quantity q sold of a certain product obey the demand functionq = −20p + 500, 0 ≤ p ≤ 25 Express the revenue R as a function of x. What is the revenue if 20 units are sold?
The total revenue for a product can be calculated as the area under the demand curve. Suppose that the demand curve for a certain wine (in dollars per liter) is given by the following, where is the demand in liters. Estimate the total revenue using rectangles of width 10 ters D(4) = ² -10q+267 for 0 sqs50 The approximate revenue using left endpoints is The approximate revenue using right endpoints is $ The approximate revenue using the average is $
If the demand and supply functions for a product are p=800-2q and p=100+0.5q, repectively, find the tax per unit t that will maximize the tax revenue T = t * q.

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The marginal revenue function for a monopolistic fırm's product is dr 60 dą 25 + 0.3q When the demand for their good is q = 250, their revenue is ...