Given below is the price-demand equation for the production of tennis shoes where x is the number of pairs of tennis shoes that can be sold at a price of $p dollars. p = 40 − x   (a) Determine the revenue function and the marginal revenue function.

Kingsland Metalworks manufactures custom chairs and ships them to customers using UPS. Assume stable shipping prices. Which two terms describe the cost of shipping these chairs?a. Variable cost and product costb. Variable cost and period costc. Fixed cost and product costd. Fixed cost and period cost

Given that the total cost, C, is related to sales volume, x, by the equation y=1000+0.2x, say true or false for the following and proof it. (a) The cost-sales line rises $2 for each increase of $10 in sales volume. (b) The slope of the line is interpreted as variable cost

Suppose that the profit (in dollars) from the sale of Kisses and Kreams is given by P(x, y) = 10x + 6.9y-0.001x²-0.045y² where x is the number of pounds of Kisses and y is the number of pounds of Kreams. Find P/ay, and give the approximate rate of change of profit with respect to the number of pounds of Kreams that are sold if 100 pounds of Kisses and 14 pounds of Kreams are currently being sold. (Give an exact answer. Do not round.) What does this mean? If the number of pounds of Kisses is held constant and the number of pounds of Kreams is increased from 14 to 15, the profit will increase by approximately $ Need Help? Read It Watch it

The correlation (r) between the price of a product (x) and average daily sales (y) is –0.95.   Complete the following statements:   a) The coefficient of determination is   b) The coefficient of non-determination is

A factory is producing a new product, and it is your job to help decide what price will produce maximum for your company. Your accounting department has told you that the profit can be estimated by the formula P(x)= 16=6x^2-x^3, where x is the selling price. Determine the selling price that produces the maximum profit. A.) Find the critical values. B.) Determine the selling price.

please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

Compare your answers for the Cost of Goods Sold for the three valuation methods: weighted mean, FIFO, and LIFO. Which method will produce the greatest profit for Sports Haven?

For a certain product, the linear demand curve is described by the equation, Quantity = 15,449 - 405 * Price. Variable cost to manufacture this product is $8 per unit. Calculate optimal price for this product. Rounding: penny.

If Q equals the level of output, P is the selling price per unit, V is the variable cost per unit, and F is the fixed cost, then the break-even point in units is: a   Q ÷ (P − V). b   F ÷ (P − V). c   V ÷ (P − V). d   F ÷ [Q(P − V)].