The revenue from the sale of a product is, in dollars,R = 1500x + 3000(2x+3)-1 - 1000where x is the number of units sold. Find the marginal revenue when 200 units are sold. (Round your answerto two decimal places.)$Interpret your result.If the sales go from 200 units sold tounits sold, the revenue will increase by about$Suppose that the weekly sales volume y (in thousands of units sold) depends on the price per unit (in dollars)of the product according to the following formula.y = 30(3p+ 1) −2/5, p > 0(a) What is the rate of change in sales volume when the price is $24? (Round your answer to threedecimal places.)dy =dp(b) Interpret your answer to part (a). (Round your answer to the nearest whole number.)If the price increases $1, the sales volume will decrease byIf the demand for q units of a product priced at $p per unit is described by the equationp =500√29 + 7find the rate of change of p with respect to q.dp =dq1units.

(1)MR when 200 units are sold = $1,499.98If the sales go from 200 units to 201 unis sold, the…

Answered: The revenue from the sale of a product…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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(3 points) When sold for $259,000.00, Ferraris have an annual supply of 6758 vehicles and an annual demand of 6691 vehicles. When their price increases to $279,000.00, the annual supply increases to 6913, and the demand decreases to 6010 billion gallons. (a) Assuming that the supply and demand equations are linear, Afind the supply and demand equations. Supply Equation p = Demand Equationp (Note: The equations should be in the form p = mg + b where p denotes the price (in dollars) and q denotes the quantity. The slope and y-intercept should be accurate to two decimal places). (b) Find the Equilibrium price and quantity. Equilibrium price p = Equilibrium quantity q = (Note: The equilibrium price and quantity should be accurate to two decimal places, and the equilibrium price should include a dollar sign).
A sheet of paper 80 cm-by-72 cm is made into an open box (i.e. there's no top), by cutting x-cm squares out of each corner and folding up the sides. Find the value of x that maximizes the volume of the box. Give your answer in the simplified radical form. X = is the max.
An electronics company makes communications devices for military contracts. The company just completed a large contract. The Army contract was for 6808 devices that were produced by 43 workers in three weeks. Each worker worked 40 hours per week. What was the prductivity for the ARMY contact in devices per labour hour? (State your answer rounded to two decimal places)
Let the demand function for a product be given by the function D (q) 1.45 q + 290, where q is the quantity of items in demand and D (q) is the price per item, in dollars, that can be charged when q units are sold. Suppose fixed costs of production for this item are $ 5,000 and variable costs are $ 6 per item produced. If 138 items are produced and sold, find the following: A) The total revenue from selling 138 items (to the nearest penny). Answer: $ B) The total costs to produce 138 items (to the nearest penny). Answer: $ C) The total profits to produce 138 items (to the nearest penny. Profits may or may not be negative.). Answer: $ =
Given the following values: P(A) = 0.25 P(A and B) = 0.14 P(B) = 0.32 Find the P(B | A) (Leave answer in decimal form with 2 decimals)
a & b
10K L%. 1). Consider the production function Q = (a) What is the output when K = 100000 and L = 243? (b) Use the marginal analysis to estimate Q(99995, 243) and Q(100000, 245). (c) Use a calculator to compute these two values of Q to three decimal places and compare these values with your estimates in (b). (d) How big must AL be in order for the difference between Q(100000, 243+AL) and its linear approximation Q(100000, 245) + -DAL, to differ by more than two units?
None
In a certain store, cashiers can serve 45 customers per hour on average. If a customers arrive at the store in a given hour, then the average number of customers C waiting in line can be modeled by the function x² C(x) = 2025 - 45x where x < 45. Answer the following questions with a graphing calculator. Round your answers to integers. 1) If 40 customers arrived in the store in the past hour, there are approximately 7 2) If there are 2 customers waiting in line, approximately customers waiting in line. customers arrived in the past hour.
Could someone walk me through this problem? Thank you for your help!
dy If y = (In x+ 1)(2x³ – 3x), then will be dx A. (In x+ 1)(6x² – 3) + (2x³ – 3x) (÷ + 1) | B. (In x + 1)(6x? - 3) + (2x3 – 3x) In x | С. (In x + 1)(6x? — 3) + (2x? — 3) | D. (Inx+ 1)(6x² + 3) + (2x³ – 3x) (- 1)
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