46. Revenue, cost, and profit. The price-demand equation andthe cost function for the production of HDTVS are given,respectively, byx 9,000 - 30pandC(x) = 150,000 + 30xwhere x is the number of HDTVS that can be sold at a priceof $p per TV and C(x) is the total cost (in dollars) of produc-ing x TVs. (D) Find the marginal revenue.(E) Find R' (3,000) and R'(6,000) and interpret thesequantities.(F) Graph the cost function and the revenue function on thesame coordinate system for 0

Marginal Revenue refers to the extra revenue an organization will make on each extra sale. On the…

Answered: (D) Find the marginal revenue. (E) Find…

(D) Find the marginal revenue. (E) Find R' (3,000) and R'(6,000) and interpret these quantities. (F) Graph the cost function and the revenue function on the same coordinate system for 0

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

46. Revenue, cost, and profit. The price-demand equation and
the cost function for the production of HDTVS are given,
respectively, by
x 9,000 - 30p
and
C(x) = 150,000 + 30x
where x is the number of HDTVS that can be sold at a price
of $p per TV and C(x) is the total cost (in dollars) of produc-
ing x TVs.

(D) Find the marginal revenue.
(E) Find R' (3,000) and R'(6,000) and interpret these
quantities.
(F) Graph the cost function and the revenue function on the
same coordinate system for 0 <xs 9,000. Find the
break-even points and indicate regions of loss and profit.
(G) Find the profit function in terms of x.
(H) Find the marginal profit.
(I) Find P'(1,500) and P'(4,500) and interpret these
quantities.

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