Suppose the demand function for red sprockets is given by p(q)=−3q+1400 where p(q) is in dollars and q is the number of red sprockets sold. A. What is the Revenue function as a function of quantity? R(q)=   . B. What is the number of red sprockets that should be produced to maximize Revenue (round your answer to two decimals)? C. What is the maximimal Revenue? (round your answer to the nearest dollar.) $

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A: Given: The firm's total cost is given by C=20+0.5q, where q is the quantity of the output produced…

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A: We will find out the required value.

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A: The cost function for a paper towel plant is  C(x) = 160x + 750000

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A:

Q: Suppose that a firm had a production function given by: q=2L0.5K0.25. The rental rate for the firm…

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A: F

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A:

Q: 8. The Federal debt held by the public as a percent of the gross domestic product (GDP) is modeled…

A: Solution