The production of a certain product has Cost function C(x)=16000 +120x–0.022x and a price- 3 quantity relationship p=520– x. SHOW ALL WORK for full credit. 20 a) Construct the Revenue and Profit functions b) Determine the estimated change in Profits at a production level of 1000 c) Find the Maximum Profit

Q: a. Find the Total Revenue (TR) function. b. What is the level of quantity when total revenue is…

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Q: 6. The cost function for a paper towel plant is C(x) = 160x +750,000. %3D a. What are the fixed…

A: The cost function for a paper towel plant is  C(x) = 160x + 750000

Q: An open-top box with a square base is made with 1200 cm2 of cardboard. A. Express the area A = 1200…

A: The calculations are as follows

Q: nction is R(X) SX, Where soɔ iun production, s the unit Suppose tne cost function associated with a…

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Q: The demand function for a certain product is q-90+ 2p = 0, 0595 90, where q is the number of units…

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Q: The demand for a certain model smartphone is given by p = 400 - 0.01x, where p denotes the unit…

A: Given,  The demand function of a certain model smartphone is given by  p = 400 - 0.01x, where p…

Q: A manufacturing company purchases new products each year for use in the company. The product cost…

A: Let t be the time and n be the number of units, and x be the kilometers Let R(x) be the revenue…

Q: In a monopolistic market the supplier can control the price by regulating the supply of the product.…

A: Given demand function is  p=420-0.5q Given Marginal cost of monopolist is  C=200 +2q From the…

Q: A company has established that the relationship between the sales price for one of its products and…

A: Given that, the demand equation is p=75-0.12D. Also, it is given that the fixed cost is $800 and the…

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

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Q: Q.2. A company produces electric bulbs. One-time fixed costs for a specific bulb plant is $66000 and…

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Q: A firm's short-run cost curve for any given level of capital K is C(K,Q) K+K-1/2Q2: Find the…

A: Approach to solving the question:Understand the given short-run cost function, which is (C(K,Q) = K…