If revenue = $80 and variable cost = 40% of revenue, = $48.00. a. True. b. False. then contribution margin
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- Find the marginal profit function if cost and revenue are given by C(x) = 223 +0.7x and R(x) = 6x -0.09x² P'(x)=Total profit is defined as total revenue, R(x), minus total cost, C(x), and is given by the function P(x) = R(x)- C(x). Given R(x)= 59x-0.4x and Cx)-D3x+14, find each of the following. a) P(x) b) R(80), C(80), and P(80) P(x)= (Type in descending powers of x.)Find the profit maximizing output given the following revenue and cost functions:R(q) = 1000q – 2q2C(q) = q3 – 59q2 + 1315q + 2000
- R (X) = 55x and C (x) = 30x + 250 for total revenue and total cost functions a-) profit function pi (x) for firms and b-) Find the breakeven point.Given the mixed cost function y = $6.50x + $3,000. What does the $6.50 represent? a.Total cost per unit of the cost driver b.The fixed cost per unit c.The slope of the cost function d.Total fixed costs\table[[Cuantivy, \table[[Totil], [Cost]], \table [[Fined], [Cost]], \table[[Variable], [Cost]], \ table [[Marginal], [Cost]], \table[[Average], [ Fired], [Cost]], \table[[Average], [Variable], [ Cost]], \table [[Average], [Total], [Cost ]]], [0, 350, 350, 30, -, -,0,0 Quantity Total Cost 0 1 2 3 Q10. What is the value of A? & $25 b. $50 a $300 d. $200 $50 $150 G M Q11What is the value of B? & $25 b. $50 c. $100 d. $200 Q12 What is the value of C? & $25 C. $100 d $200 Fixed Variable Marginal Average Cost Cost Cost Fixed Cost $50 A B N 8-0 I - C $120 P le D J lo Q Average Variable Cost E K $120 Average Total Cost ✔ F L R
- Problem Three: I) Given the revenue function R(x) = x³ + 3x²+ x .Find the average revenue of producing 100 units. II) Given the marginal revenue function MR = -x3+ 2x²+ 4x – 1. Find the revenue function.:On the cost-volume-profit graph, the intersection between the total cost line and (Y) axis represents The profit area a O The fixed cost amount b O The loss area .c O The contribution margin per unit .d O The variable cost amount eeV@hdows Go to Settings to activate Wil 081 ENG hp 19 11 inprt sc delete home end & num 6 8 9. backspace = lock V { Y U 7 V 8. home H. K enter pause N 1 shift 上 end alt ctrl Pm 近The price of a product is expressed as ?, PHP = 10 – 28? where ? is the demand. Which of the following correctlyexpresses the total revenue? 10 − 28?2 28? = 10 10? − 28? 10? − 28?2
- On excel1. At the break-even point mon a tot misb a. Contribution margin = fixed costs b. Variable costs = fixed costs c. Sales contribution margin d. Contribution margin = 0 when erf 9923.In the formula y = a + bX, y represents a. total fixed cost b. total variable cost c. total cost d. variable cost per unit