Find the price that will maximize profit for the demand and cost functions, where p is the price, x is the number of units, and C is the cost. Demand Function p= 78-0.1 square root x Cost Function

Q: a) The marginal profit MP(x) for producing x units of an electrical appliance is given by the linear…

A: A business unit will keep producing and selling more quantity of its service as long as its…

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: Cost is in dollars and x is the number of units. Find the marginal cost functions MC for the given…

A: 5) Given Total profit function:P(x) = 7x - 24Marginal Profit(MP) = 7The next unit sold earns this…

Q: f(x1, 12) = (x1 - 1)0.25x9-5.

A: We are going to use the relationship between upward sloping marginal cost curve and supply curve to…

Q: A firm has the production function y=4z₁​+10z₂. Input prices are w₁=5 and w₂=6. a) What is the cost…

A: We need to find the ratio of marginal products to the ratio of input prices to determine the optimal…

Q: A firm’s total revenue and total cost functions are TR = 52q − q2 TC = q3/3 − 2.5q2 + 34q + 4 At…

A: Profit is the difference between total revenue and total cost.  Profit = Total revenue - Total cost…

Q: Find the marginal profit function if cost and revenue are given by C(x) = 183 + 0.3x and R(x) = 9x -…

A: Marginal profit function measures how much the profit changes when there is a unit change in the…

Q: If demand function is given by P = 40 - 2Q then what is the procedure to get marginal revnue ?

A: Given the demand function: Demand function, P = 40 - 2Q

Q: Suppose that, at a quantity of q = 20, a firm's costs are as follows: MC = 20, AVC = 12, ATC = 30.…

A: In economics AVC is basically determined as the total firms variable costs which is merely divided…

Q: Find the marginal profit. C(x)=4x^2; R(x)=x^3+5x+15

A: Profit=Revenue-CostProfit=(x3+5x+15)-(4x2)Profit=x3-4x2+5x+15

Q: Q#1: The demand function of a good is given by P+ 2Q = 20 and total average Cost function AC=Q?- 8Q+…

A: The demand function of the firm can be used to calculate the total revenue and corresponding…

Q: A firm has a linear demand function for it's product.When the price for the product is Sh.220,the…

A: At price of 220 and the quantity demanded is 40 units. At price of 240, the quantity demanded…

Q: A firm in a competitive industry has the following cost function: c(y) = y3/3-20y2 +310y. (Note that…

A: A cost function is a function of input costs and output amount whose value is the cost of making…

Q: = (1041 +8 * * q) and the demand function is price(q) = (495-5* q). Find the maximum profit...

A: Demand function ,  P = 495 - 5q Cost function, C = 1041 + 8q

Q: You sell items. Your marginal revenue and marginal cost are given by the formulas:  MR (q)=…

A: The firm would involve the cost of the production of the goods and services to produce goods and…

Q: A firm has a linear demand function for it's product.When the price of the product is sh.20,the…

A: The price of product is given as 20 and the quantity demanded at that price is 40 units.The price…

Q: The total revenue curve of a firm is R(x) = 32·5x – 12x2 and its average cost A(x) =  x²  – 13x + 20…

A: It is given that                R(x) = 32.5x – 12x2          (Revenue Function)               A(x) =…

Q: There is a firm making custom stuffed animals. The demand function for custom stuffed animals is: P…

A: Profit maximization is a fundamental concept in economics and business management that refers to the…

Q: Given the following demand and cost functions: Demand: p = 3000 - 2x Cost: C = 1200x + 2600 Find the…

A: Profit is the difference between revenue and cost.  Revenue is the price multiply quantity…

Q: what is the ordered pair ?

A: The break even point in any business is where your revenue is just equal to your expenses. The cost…

Q: For a certain company, the cost function for producing x items is C(x)=40x+150 and the revenue…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: 1. Assuming that the company sells all that it produces, what is the profit function? P(z) = Hint:…

A: Note: The question has more than three sub parts. We shall solve the first three sub parts at a…

Q: Find the marginal profit function if cost and revenue are given by C(x) = 190 + 0.6x and R(x) = 7x -…

A: Answer to the question is as follows:

Q: Would a cost function of 0 mean a linear line of supply curve? For example if 10 firms are on the…

A: A cost function is a mathematical function that is used to show the general relationship between the…

Q: Given cost and price (demand) functions C(q)= 110q + 44,600 and p(g) = - 2q + 860, what is the…

A: The increase in income that occurs from the sale of one additional unit of output is known as…

Q: A firm has a cost function of C = 1000 + 20Q + 1/10Q2a) Estimate the firm’s demand function. You may…

A: The objective of the question is to estimate the firm's demand function, find the firm's revenue…

Q: Catalina Films produces video shorts using digital editing equipment (K) and editors (L). The firm…

A: Disclaimer:- as you posted multipart questions we are supposed to solve only the first 3 questions.…

Q: A noncompetitive firm has the following total cost function: TC = 3Q³ – 40Q² + 250Q + 900 If the…

A:

Q: A firm's demand and total cost function are given by the expression: P = 20 - Q/2         (1) TC =…

A: Total revenue refers to the total amount earned by the producer from the sale of the commodity.…

Q: Let's say jacky has a demand function for a product made in Ney york city given that the function…

A: A demand function is a mathematical equation that expresses the relationship between the quantity of…

Q: Consider the following cost function: Total Cost = 50+5Q^3 and demand curve Price= 5000-275*Q Given…

A: The profit is maximum at MR=MC MR=5000-550Q ....... An MR curve is double sloped than an inverse…