Q: Find total revenue if the price function is P=4Q-500
A: Given: Price function is: P=4Q-500 Where, P is the price of a good Q is quantity of a good
Q: An exclusive Yoghurt manufacturer sells 4,000 gallons per month at a price of GHS 40 each. When the…
A: revenue = price* quantity sell
Q: The demand function for a product is p=30–0.3q and the average cost function is ē=0.2q+5+40/q ,…
A: Given Information: Demand function P = 30-0.3qAverage cost c¯ = 0.2q+5+40q Total revenue (TR) = P x…
Q: • RCO Manufacturing is an electronics manufacturer and retailer. Its main products are Computers,…
A: The ED {elasticity of demand} of P {price} can be described as measuring the {change} in the (Q)…
Q: TOTAL PROFITS UP OR DOWN? Kiran's Kandles sells a bathroom candle set for $37.25. The variable cost…
A: The elasticity of a good is used to measure the responsiveness of consumers to the demand of a good…
Q: Find output produced by the firm if total revenue is $4000 and the average revenue is $80
A: The data presented in the question above is:- Total revenue = $4000 Average revenue = $80 Output is…
Q: Excess capacity is not found under
A: To find : In which case excess capacity is not found.
Q: The demand function for a particular commodity is y 15e -x/3 for 0sxs8 where y is the price per unit…
A: Answer:
Q: Q)1 a)What is the breakeven price of a product if the sales plan is 10,000 units, fixed costs are…
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…
Q: Find average revenue if output is 100 units and total revenue is $2000
A: The information being given to us is:- Total revenue of firm = $2000 Output = 100 units We have to…
Q: The selling price of a particular article is ₱250 per unit. It has been decided to include the price…
A: selling price of an article = 250 Variable cost is given as 175/unit Fixed cost = 17,000 Price is…
Q: Calculate the price per unit if it is given that Total revenue is $840 and the total output is 32…
A: According to the above-mentioned question, we are given that:- Total revenue = $840 Output = 32…
Q: The demand function for a crrtain product is giving by p=500+1000/(Q+1). where p is tje price and q…
A: The demand function represents how much the quantity of good will be purchased by the consumer at…
Q: If the firm is maximizing its profits when the price is $12, its total cost is: a) $1200 b) $700…
A: A competitive firm maximizes profit by producing at P=MC
Q: Find the economic profit when the total revenue is 21,000 and the total cost is 14,000?
A:
Q: The firm’s vice president in charge of marketing believes that every 8% decrease in the selling…
A: Decrease in price = -8% Increase in quantity = 26% Elasticity of demand = % change in Qty.% change…
Q: If total revenue is $300 and output is 10 units Find average revenue
A: According to the above mentioned question, we have:- Total revenue = $300 Output = 10 units Average…
Q: Calculate price per unit if output is 4
A: The information being given is:- Total revenue = $3200 Output = 4 units We have to calculate total…
Q: A company manufactures and sells cell phones. They sell the phones to a wholesaler for $250 each.…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Product A cost $8 and demand for product B is 12 units then product A is reduced in price to $5 and…
A: Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation…
Q: The revenue and cost functions for a particular product are given below. The cost and revenue are…
A: Given values; R(x) = −0.2x2 + 172x C(x) = 78x + 10065
Q: The demand function for a product marketed by a company is p = (80-D) / 4, where D is the number of…
A: Given, Demand function p = 80-D4 = 20 - 0.25D Here D is the number of units Whereas p is the price…
Q: Find total revenue if the price function is P=70Q-500
A: Price function is: P=70Q−500 Where, P is the price of a good Q is quantity of a good
Q: The average revenue is defined as Select one: а. The revenue per unit. b. The variable cost per…
A: Total revenue is defined as the revenue earned by a firm by selling all its output.
Q: A local paintball business receives total revenue of $10,000 per month when it charges $12 per…
A: Price elasticity of demand refers to the percentage change in the demand for goods and services due…
Q: Supply is said to be inelastic when the quantity supplied changes* more than the change in its…
A: At the marketplace, supply of a good or service can be elastic or inelastic, which depends upon…
Q: Elasticity of supply tends to be greater when * inputs are specialized.time period allowed for…
A: The elasticity of supply measures the quantitative change in supply following change in the price…
Q: Calculate price per unit if total revenue is $1000 and the quantity sold is 50 units
A: The information given is as follows:- Total revenue of the firm = $1000 Quantity sold = 50 units…
Q: • the optimal output (the number of hours of cleaning) is 45 hours. • the optimal price is $ 45 •…
A: A monopoly is defined as the market structure where there is a single seller selling identical or…
Q: Find output of total revenue is $6400 and the price per unit is 400
A: The given information is as follows:- Total revenue = $6400 million Price per unit = $400 Using…
Q: The distance between the TC and TFC curves narrows as more mountain bikes are produced.
A: When a firm produces output, it's fixed cost refers to the cost that remains fixed at any output…
Q: Price per unit of good is $15 and the output is 200 units Calculate total revenue
A: The information being given is:- Price per unit of good = $15 Output sold = 200 units Total…
Q: A bookstore purchased a best selling book at P200 per copy. At what price should this book be sold…
A: * SOLUTION :-
Q: Find average revenue if total revenue is $4400 and output is 22
A: The data presented in the above question is:- Total revenue = $4400 Output = 22 We need to…
Q: The marginal cost of production is found to be C'(x) = 1000 – 20x + x² where x is the number of…
A: Profit is maximized at the point where MR = MC Let quantity = x Price = 3400 Total Revenue = 3400x…
Q: The demand function is x = ÷(25 – 2p) where, x is the number of units and p is the price Let the…
A: 1. Demand function is, x = 13×(25-2p) Therefore, Revenue = Price x Quantity = p×x = p×13(25-2p)…
Q: minimize total revenue b) what is the maximum value for total revenu
A: The firm's total revenue is product of price and quantity.
Q: The average revenue is given as 70 and total revenue is given as 700 Find the quantity produced
A: # The ratio of Total revenue to total quantity is given as average revenue
Q: The selling price of a particular article is ₱250 per unit. It has been decided to include the price…
A: P= 250 price is 5% of Sales quantity TVC=175 TFC= 17000
Q: Given that the additional cost to produce an extra unit is 400 – 3x, profit is 700 - 4x – 2x ?, and…
A: Total cost = Variable cost + Fixed cost Fixed cost = RM 25 MC= 400-3x Also MC= ∆TC/∆Q TC=…
Q: Term used to describe demand that can be accuratelycalculated to meet the need of a production…
A: Demand shows the quantity of good and service that a consumer is willing to buy at the given price…
Q: when a product price is $12 , quantity demanded is equal to 950; when the price is reduced to $8 ,…
A: Given information: Initial price: $12 Final price: $8 Initial quantity demanded: 950 Final quantity…
Q: Daffy’s is a pet care company that recently increased the average price of its services by 5%. As a…
A: The concept used here is of price elasticity of demand. Price elasticity of demand refers to…
Q: If the price is given as 20 per unit and the given quantity is $150 billion Find the Total revenue
A:
Q: Calculate output if total revenue is $6600 and the price per UNIT is $11
A: The data presented In the question above is :- Total revenue = $6600 Price per unit = $11 Total…
Q: A firm charges $800 for its unique word processor. If total revenue is $56,000 in July, how many…
A: In the production process, different inputs are used to produce the final output. Each input has its…
Q: One of South Africa’s cellphone operators, Cell C, is changing their overall business strategy. The…
A: Decrease in the demand = 12-10=2/12*100 =17 % Increase in the prices :-2.2 - 2 =.20/2*100 =10%
Q: The total revenue of a purely competitive firm from selling 6 units of output is $48. Based on this…
A: Units=6 Total Revenue=48
Q: To produce x units of a religious medal costs C(x) = 15x + 108. The revenue is R(x) = 33x. Both cost…
A: Breakeven quantity is the number of incremental units that the firm needs to sell to cover the cost…
Q: Calculate the total revenue for 5 units when the average revenue is given to be as $30
A: # We know that the formula for total revenue is given as:- Total revenue = Average revenue *…
Find total revenue when price Is $45 per unit and the total quantity sold is 7
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- the demand equation for a product is q=1.5p+600, where q is the number of a products that can be sold in a month and p is the price per product. (a) what price will produce the largest revenue? (b) what is the largest monthly revenue?Calculate the price per unit if quantity sold is 34 units and the revenue generated out of it is $1500How would I calculate the percentage change in price for these? (Not graded just a practice worksheet for a quiz tomorrow)
- Please help with the calculation for total revenue in part C please show how was calcualted thankyouA restaurant has a steady annual demand for 885 bottles of California wine. It costs $3 to store 1 bottle for 1 year, and it costs $7 to place a reorder. Find the optimum number of bottles per order. The optimum number of bottles per order is. (Type a whole number.)Calculate the value of profit when total revenue is $450 and total cost is $320
- Total revenue is given as $500 and the quantity is given as 30 units. Calculate average revenueHow do we calculate the total amount of pagecant costs, price profit, profit make up and selling costsIn 2019, a ski resort increased the prices it charged for one-day ski passes and season passes. If someone buys a season pass, he can ski as many days as he wishes. The table below provides information on the prices and the number of passes sold in 2018 and 2019. Type of Pass One day Season Price in 2018 x 34000 $60 $1,200 Number of Passes Sold in 2018 5,000 250 Price in 2019 $80 $1,400 Given the information in the table, we know that the revenue earned from selling day passes changed by $ 52000 , and the revenue earned from selling season passes changed by $ Number of Passes Sold in 2019 3,100 190 From the answers to Part 1, we know that the demand for day passes is elastic demand for season passes is inelastic and the