ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question: The price - demand equation and the cost function for the production of HDTV s are given respectively by x = 9000 – 30 p and C(x) = 150000 + 30 x 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 producing x TVs. A. Express the price p as a function of the demand x, and find the domain of this function. B. Find the marginal cost. C. Find the Revenue function and state its domain.
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Transcribed Image Text:Question: The price - demand equation and the cost function for the production of HDTV s are given respectively by x = 9000 – 30 p and C(x) = 150000 + 30 x 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 producing x TVs. A. Express the price p as a function of the demand x, and find the domain of this function. B. Find the marginal cost. C. Find the Revenue function and state its domain.
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