Business, 23.03.2021 01:00 Shaynnn6292
The demand for a new computer game can be modeled by p (x )equals 48.5 minus 5 ln x, for 0less than or equalsxless than or equals800, where p(x) is the price consumers will pay, in dollars, and x is the number of games sold, in thousands. Recall that total revenue is given by R (x)= x * p (x). Complete parts (a) through (c) below.
a. Find R(x).
b. Find the marginal revenue, R'(x)
c. Is there any price at which revenue will be maximized? Why or why not? Choose the correct answer below.
a. No, because p(x)R'(x). Therefore, the revenue cannot be maximized.
b. No, because the marginal revenue, R'(x), has no maximum. Therefore, revenue will always increase
c. Yes, because the revenue will be maximized when R(x)-R'(x). The price to the consumer would be $:
d. Yes, because the revenue will be maximized when R'(x)=0. The price to the consumer would be $:
Answers: 2
Business, 21.06.2019 21:00
Following is a list of various costs incurred in producing replacement automobile parts. with respect to the production and sale of these auto parts, classify each cost as either variable costs, fixed costs, or mixed costs. 1. oil used in manufacturing equipment 2. plastic 3. property taxes, $165,000 per year on factory building and equipment 4. salary of plant manager 5. cost of labor for hourly workers 6. packaging 7. factory cleaning costs, $6,000 per month 8. metal 9. rent on warehouse, $10,000 per month plus $25 per square foot of storage used 10. property insurance premiums, $3,600 per month plus $0.01 for each dollar of property over $1,200,000 11. straight-line depreciation on the production equipment 12. hourly wages of machine operators 13. electricity costs, $0.20 per kilowatt-hour 14. computer chip (purchased from a vendor) 15. pension cost, $1.00 per employee hour on the job
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Business, 22.06.2019 01:50
Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship
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Business, 22.06.2019 17:10
Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)
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Business, 22.06.2019 20:00
Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25
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The demand for a new computer game can be modeled by p (x )equals 48.5 minus 5 ln x, for 0less than...
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