4 The marketing research department tor a computer company used a large city to test market the Sms new laptop. The department lound that the relationship between price p (dollarsper unit) and demand x (units sold per woek) was given approsimately by p 900-0.12x. 0sxs65 So, weekly revenue can be approvimated by the following Graph the revenuefundion RR-xp- 000x - 0.122, 0x65Which graph below shows RO0?O A.OBOD.30,0000.0001,000-20 000 A company manufactures a variety of camp stoves at diferent locations. The total cost Co) (in dollars) ofproducing x camp stoves per woek at plant Ais shown in the figure. Discuss the graph of the marginal costfunction C'x) and interpret the graph of C'(X) in temms of the efficiency of the production process at this plantS100.000$50,0003001000Choose the corredt answer bolow.O A. The graph of y=C'x) shows that the marginal cost function is positive and increasing Since marginal costs are increasing, the production process is becoming less efficientas production increases,OB. The graph of y = C'(x) shows that the marginal cost function is negative and increasing. Since marginal costs are increasing, the production process is becoming less efficieras production increases,OC. The graph of yC'x) shows that the marginal cost function is positive and decreasing. Since marginal costs are decreasing, the production process is becoming moreefficient as production increasesOD. The graph of y= C'(x) shows that the marginal cost function is negative and decreasing Since marginal costs are decreasing, the production process is becoming moreeticient as production increases.

Revenu function is the total monetary value earned by selling all goods with given market price. TR…

The marketing research department tor a computer company used a large city to test market the fim's new laptop. The department lound that the relationchip between pricep (dollars per uniti and demand x (unts cold per woek) was given approsimately by p900-0.12.0sxs65 So, weekly revenue can be approvimated by the following Graph the revenue funcdion R R-xp-900-012,0x65 Which graph below shows RO0? OD. 30.000 .000 1000 20.000

The marketing research department tor a computer company used a large city to test market the fim's new laptop. The department lound that the relationchip between pricep (dollars per uniti and demand x (unts cold per woek) was given approsimately by p900-0.12.0sxs65 So, weekly revenue can be approvimated by the following Graph the revenue funcdion R R-xp-900-012,0x65 Which graph below shows RO0? OD. 30.000 .000 1000 20.000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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ctors) on of es 1. Relationship of data usage and bill Data Usage(GB/month) 0 10 20 30 Bill($/month) 10 30 50 70 A. Draw the graph, placing data usage horizontally(on the X axis) and bill vertically(On the Y axis). B. How much is the monthly fixed fee? C. How much is the charge per GB? D. What is the Equation that describes the relationship, where data usage is denoted by D, and bill by B? E. How much would be the charge for 50 GB use per month?
6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Houston. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per bike) 300 275 ) 250 225 175 150 125 100 75 50 25 0 0 + 6 12 18 24 30 36 42 48 QUANTITY (B) Demand 54 60 66 72 Total Revenue
B. The late Anne Collins had 3 children, Mary, John and Hana who unfortunately all predeceased Anne leaving several Anne's grandchildren and great grandchildren. Unfortunately, Anne died intestate without a will or trust. She is survived by: Mary's daughters Emma and Joan John's son Patrick who has 2 children Joe and Frank; Frank has 1 child Eddy. Hana's daughter Elizabeth is also deceased leaving 2 children Jim and Eva. (i) Please fill in the table taking into consideration that Anne died without a will/trust and therefore the distribution shall be according to the CA intestacy laws (Modified Per Stirpes PC 240). Each Emma and Joan Mary's spouse Each of Patrick's 2 children Joe and Frank Each of Elizabeth's 2 children Jim and Eva Patrick's grandchild Eddy Patrick MPS Ø
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Figure A Q Figure B Figure C Price (dollars per unit) 15- Price (dollars per unit) 15 Price (dollars per unit) 15- 14- 13- 12- 11- 10- MC MC 14- 14- 13- 12- 11- 10- „MC ATC 13- 12- 11- 10- ATC ATC MR MR MR 9- 9- 9- 8- 8- 8- 7- 7- 6- 90 100 100 100 1i0 Quantity (units) 90 110 90 110 15 Qua Quantity (units) Quantity (units) Consider a perfectly competitive firm in a short-run equilibrium. Figure shows a firm in bad times because the firm produces units and makes a(n) O A. A; 100; economic loss O B. B; 90; economic profit O C. A; 110; economic loss O D. C; 100; economic loss O E. C; 100; normal profit
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