ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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The demand and cost equations for the production of a certain ancillary component of HDTVs are given by 1 p(x) = 300 30 -x and C(x) = 15000 + 30x where x is the number of components which can be sold at a price of $p and C(x) the cost of producing x number of components. - 1. Find marginal revenue at the production level of 150 components and write in words the meaning of i 2. Determine number of components x that will maximize the revenue. (Show appropriate work that leads you to the answer) Edit View Insert Format Tools Table Paragraph V BI U 12pt v A 2 T²:
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Transcribed Image Text:The demand and cost equations for the production of a certain ancillary component of HDTVs are given by 1 p(x) = 300 30 -x and C(x) = 15000 + 30x where x is the number of components which can be sold at a price of $p and C(x) the cost of producing x number of components. - 1. Find marginal revenue at the production level of 150 components and write in words the meaning of i 2. Determine number of components x that will maximize the revenue. (Show appropriate work that leads you to the answer) Edit View Insert Format Tools Table Paragraph V BI U 12pt v A 2 T²:
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