The price function is given as:- P = 20Q - 3 Find the total revenue function

Q: PakPerfect Inc. estimates equation of its total costs of production as TC = 500 + 10Q + 5Q2 and…

A: Given, Total cost  (TC) = 500 + 10Q + 5Q2 Market demand Qd = 105 - (1/2)P Here, Q is  the Quantity…

Q: business sells items according to the following Cost and Revenue functions:…

A: * SOLUTION :-

Q: Find the marginal profit function if cost and revenue are given by C(x) = 183 + 0.3x and R(x) = 9x -…

A: Marginal profit function measures how much the profit changes when there is a unit change in the…

Q: (c) The demand function for a good is given as Q = 25-2P Fixed costs associated with producing that…

A: Fixed Cost = €10Variable Cost = €2 per unitDemand Function : Q= 25 -2P or,

Q: Consider a computer hardware production firm with total cost function TC = 2200+480Q+20Q2, and…

A: TC = 2200 + 480q + 20q2 Qd = 190 – 2P MC = dTC/dQ = 480 + 40q AC = TC/q = 2200/q + 480 + 20q…

Q: A firm produces two products, Brand X and Brand Y, whose inverse demand functions are given by: Px =…

A: As per new guidelines of Bartle by , I am allowed to do first three parts of the question.

Q: For the following marginal revenue function MR (Q) = 790 - 0.01 Q Assuming that the marginal cost…

A: profit maximization is the short run or long run process by which a firm may determine the price,…

Q: (1) Number of newspapers per day (Q) 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 (2)…

A: Total revenue refers to the revenue a firm generates from operations or sales at different output…

Q: For a certain company, the cost function for producing x items is C(x)=40x+150 and the revenue…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: You are the CEO of Widget World Corporation. Researchers have developed a new electronic widget. The…

A: Expense Function is made up of Fixed Cost and Variable Cost Total Revenue = Price * Quantity Fixed…

Q: y = min(x1, x2) find input demand function find profit function.

A: Given Production function: y=min(x1,x2)         .... (1) Let w and r be the input price for input 1…

Q: A demand function of a company is given by the equation P= 6.51 - ln(Q) (A) Find the total revenue…

A: Demand refers to the quantity of a particular good or service that consumers are willing and able to…

Q: Find the marginal profit function if cost and revenue are given by C(x) = 190 + 0.6x and R(x) = 7x -…

A: Answer to the question is as follows:

Q: Suposse a munufacture of widgets has a fixcost of $2500, a variable cost of $30 per widget ans sell…

A: Costs are the expenses that a firm has to incur in its production activities. Revenue, on the other…

Q: (b) Given the demand function P = 120 – 3Q, fixed cost, FC of 50 and variable cost, VC of 5 per unit…

A: Demand Function = P = 120-3Q FC = 50 VC = 5 per unit i.e. 5Q

Q: The total revenue curve of a firm is R(q) = 40q − 12q2 and its average cost A(q) = 1/30 q2 − 12.85q…

A: R(q) = 40q − 12q2  A(q) = 1/30 q2 − 12.85q + 20 + 400/q Total cost = A(q) * q

Q: Company is effectively able to price discriminate in the two markets. What will be the total…

A: STEP 1: In monopoly market structure, the monopolist being the sole producer of the product has…

Q: Find the marginal and average functiions for the following total functions: a) Total cost function:…

A: Marginal cost measures the change in total cost with an additional unit of production.