You sell items. Your marginal revenue and marginal cost are given by the formulas:  MR (q)= 9.344-0.8q and MC (q)= 0.1q2-1.2q+5.9 where q is measured in hundreds of items and marginal revenue and marginal cost are in dollars per item. Compute the change in total cost that occurs if quantity increases from 225 to 226 items.

The cost function for Acme Laundry is   ​C(q)=50+30q+q2​,   where q is tons of laundry cleaned. What q should the firm choose so as to maximize its profit if the market price is​ p?

A firm's demand and total cost function are given by the expression: P = 20 - Q/2         (1) TC = 0.5Q2 + 36  (2) Where P is price per unit in £ TC = total cost in £ Q is quantity demanded and produced. Find the profit-maximising level of output using the profit function and calculate how much profit is made at this output level.

Consider the following cost function: Total Cost = 50+5Q^3 and demand curve Price= 5000-275*Q Given these functions, what would be the profit maximizing output?

A bookstore owner can sell 26 magazines at a price of $1.38 per magazine. If the price is $1.10, he can sell 30 magazines. The total cost to purchase x magazines is C(x) = 0.65x+7.75 dollars. Step 1 of 3: Assuming the demand function is linear, find an equation for D(x). Do not round your answer.

On the graph input tool, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 6, 12, 15, 18, 24, and 30 units of output. Calculate the total revenue for each of these production levels. Then, on the following graph, use the green points (triangle symbol) to plot the results.   Calculate the total revenue if the firm produces 6 versus 5 units. Then, calculate the marginal revenue of the sixth unit produced. The marginal revenue of the sixth unit produced is________.   Calculate the total revenue if the firm produces 12 versus 11 units. Then, calculate the marginal revenue of the 12th unit produced. The marginal revenue of the 12th unit produced is_________.

Firms in a competitive market can sell as much as they like at a market price of $16. The cost function for each firm is TC = 50 + 4Q +2Q². The associated marginal cost function is MC = 4 + 4Q and the point of minimum average cost is Q = 5. How much profit is each firm earning?

Use the cost table below to find the following marginal costs. Output quantity Total variable Total fixed Total cost cost cost 20 80 60 140 40 140 60 200 60 210 60 270 80 300 60 360 100 420 60 480 120 600 60 660 140 840 60 900 What is the marginal cost when output is 20? $ What is the marginal cost when output is 80? $ What is the marginal cost when output is 120? $ |

Prove it! 2. If the demand function for products A and B is in the order Pa = 36 - 3Qa and Pb = 40 - 5Qb and the common cost function is TC = Qa' + 2QaQb + 3Qb². With the above information, then calculate: a. Production values A and B at the maximum or minimum profit levels. b. The maximum or minimum profit value Did the profit reach its maximum or minimum value? Prove it c.

If C(x) = 19,000 + 400x – 3.6x2 + 0.004x³ is the cost function and p(x) = 1,600 – 9x is the demand function, find the production level (in units) that will maximize profit. (Hint: If the profit is maximized, then the marginal revenue equals the marginal cost.) units Need Help? Read It