rite-cut riding lawnmowers obey the demand equation p equals negative startfraction 1 over 20 endfraction x plus 990 . the cost of producing x lawnmowers is given by the function upper c (x )equals 110 x plus 4000.
a) express the revenue upper r as a function of x.
b) express the profit upper p as a function of x.
c) find the value of x that maximizes profit. what is the maximum profit?

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.

Answer the questions about keynesian theory, market economics, and government policy. keynes believed that there were "sticky" wages and that recessions are caused by increases in prices. decreases in supply. decreases in aggregate demand (ad). increases in unemployment. keynes believed the government should increase ad through increased government spending, but not tax cuts. control wages to increase employment because of sticky wages. increase employment through tax cuts only. increase as through tax cuts. increase ad through either increased government spending or tax cuts. intervene when individual markets fail by controlling prices and production.

Consumer behavior is a process. in the study of this important topic, we learn that the is a transaction in which two or more organizations or people give and receive something of value.