EBK APPLIED CALCULUS, ENHANCED ETEXT
6th Edition
ISBN: 9781119399353
Author: DA
Publisher: JOHN WILEY+SONS,INC.-CONSIGNMENT
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Chapter 1, Problem 38SYU
To determine
Indicate whether the statement is true or false.
The graph of the cost function
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. If the supply and demand functions for a commodity are given by 8 p − q = 290 and (p+2)q =5720, respectively, find the price that will result in market equilibrium.
Question 4B
If, in a monopoly market, the demand function for a product is p = 150 – 0.20x and the revenue function is R = px, where x is the number of units sold and p
is the price per unit, what price will maximize revenue?
Chapter 1 Solutions
EBK APPLIED CALCULUS, ENHANCED ETEXT
Ch. 1.1 - Prob. 1PCh. 1.1 - Prob. 2PCh. 1.1 - Prob. 3PCh. 1.1 - Prob. 4PCh. 1.1 - Prob. 5PCh. 1.1 - Prob. 6PCh. 1.1 - Prob. 7PCh. 1.1 - Prob. 8PCh. 1.1 - Prob. 9PCh. 1.1 - Prob. 10P
Ch. 1.1 - Prob. 11PCh. 1.1 - Prob. 12PCh. 1.1 - Prob. 13PCh. 1.1 - Prob. 14PCh. 1.1 - Prob. 15PCh. 1.1 - Prob. 16PCh. 1.1 - Prob. 17PCh. 1.1 - Prob. 18PCh. 1.1 - Prob. 19PCh. 1.1 - Prob. 20PCh. 1.1 - Prob. 21PCh. 1.1 - Prob. 22PCh. 1.1 - Prob. 23PCh. 1.1 - Prob. 24PCh. 1.1 - Prob. 25PCh. 1.1 - Prob. 26PCh. 1.1 - Prob. 27PCh. 1.1 - Prob. 28PCh. 1.1 - Prob. 29PCh. 1.1 - Prob. 30PCh. 1.1 - Prob. 31PCh. 1.1 - Prob. 32PCh. 1.1 - Prob. 33PCh. 1.1 - Prob. 34PCh. 1.1 - Prob. 35PCh. 1.1 - Prob. 36PCh. 1.1 - Prob. 37PCh. 1.1 - Prob. 38PCh. 1.1 - Prob. 39PCh. 1.1 - Prob. 40PCh. 1.2 - Prob. 1PCh. 1.2 - Prob. 2PCh. 1.2 - Prob. 3PCh. 1.2 - Prob. 4PCh. 1.2 - Prob. 5PCh. 1.2 - Prob. 6PCh. 1.2 - Prob. 7PCh. 1.2 - Prob. 8PCh. 1.2 - Prob. 9PCh. 1.2 - Prob. 10PCh. 1.2 - Prob. 11PCh. 1.2 - Prob. 12PCh. 1.2 - Prob. 13PCh. 1.2 - Prob. 14PCh. 1.2 - Prob. 15PCh. 1.2 - Prob. 16PCh. 1.2 - Prob. 17PCh. 1.2 - Prob. 18PCh. 1.2 - Prob. 19PCh. 1.2 - Prob. 20PCh. 1.2 - Prob. 21PCh. 1.2 - Prob. 22PCh. 1.2 - Prob. 23PCh. 1.2 - Prob. 24PCh. 1.2 - Prob. 25PCh. 1.2 - Prob. 26PCh. 1.2 - Prob. 27PCh. 1.2 - Prob. 28PCh. 1.2 - Prob. 29PCh. 1.2 - Prob. 30PCh. 1.2 - Prob. 31PCh. 1.2 - Prob. 32PCh. 1.2 - Prob. 33PCh. 1.2 - Prob. 34PCh. 1.2 - Prob. 35PCh. 1.2 - Prob. 36PCh. 1.2 - Prob. 37PCh. 1.2 - Prob. 38PCh. 1.2 - Prob. 39PCh. 1.2 - Prob. 40PCh. 1.2 - Prob. 41PCh. 1.2 - Prob. 42PCh. 1.2 - Prob. 43PCh. 1.3 - Prob. 1PCh. 1.3 - Prob. 2PCh. 1.3 - Prob. 3PCh. 1.3 - Prob. 4PCh. 1.3 - Prob. 5PCh. 1.3 - Prob. 6PCh. 1.3 - Prob. 7PCh. 1.3 - Prob. 8PCh. 1.3 - Prob. 9PCh. 1.3 - Prob. 10PCh. 1.3 - Prob. 11PCh. 1.3 - Prob. 12PCh. 1.3 - Prob. 13PCh. 1.3 - Prob. 14PCh. 1.3 - Prob. 15PCh. 1.3 - Prob. 16PCh. 1.3 - Prob. 17PCh. 1.3 - Prob. 18PCh. 1.3 - Prob. 19PCh. 1.3 - Prob. 20PCh. 1.3 - Prob. 21PCh. 1.3 - Prob. 22PCh. 1.3 - Prob. 23PCh. 1.3 - Prob. 24PCh. 1.3 - Prob. 25PCh. 1.3 - Prob. 26PCh. 1.3 - Prob. 27PCh. 1.3 - Prob. 28PCh. 1.3 - Prob. 29PCh. 1.3 - Prob. 30PCh. 1.3 - Prob. 31PCh. 1.3 - Prob. 32PCh. 1.3 - Prob. 33PCh. 1.3 - Prob. 34PCh. 1.3 - Prob. 35PCh. 1.3 - Prob. 36PCh. 1.3 - Prob. 37PCh. 1.3 - Prob. 38PCh. 1.3 - Prob. 39PCh. 1.3 - Prob. 40PCh. 1.3 - Prob. 41PCh. 1.3 - Prob. 42PCh. 1.3 - Prob. 43PCh. 1.3 - Prob. 44PCh. 1.3 - Prob. 45PCh. 1.3 - Prob. 46PCh. 1.3 - Prob. 47PCh. 1.3 - Prob. 48PCh. 1.3 - Prob. 49PCh. 1.3 - Prob. 50PCh. 1.3 - Prob. 51PCh. 1.3 - Prob. 52PCh. 1.3 - Prob. 53PCh. 1.3 - Prob. 54PCh. 1.3 - Prob. 55PCh. 1.3 - Prob. 56PCh. 1.3 - Prob. 57PCh. 1.3 - Prob. 58PCh. 1.3 - Prob. 59PCh. 1.3 - Prob. 60PCh. 1.3 - Prob. 61PCh. 1.4 - Prob. 1PCh. 1.4 - Prob. 2PCh. 1.4 - Prob. 3PCh. 1.4 - Prob. 4PCh. 1.4 - Prob. 5PCh. 1.4 - Prob. 6PCh. 1.4 - Prob. 7PCh. 1.4 - Prob. 8PCh. 1.4 - Prob. 9PCh. 1.4 - Prob. 10PCh. 1.4 - Prob. 11PCh. 1.4 - Prob. 12PCh. 1.4 - Prob. 13PCh. 1.4 - Prob. 14PCh. 1.4 - Prob. 15PCh. 1.4 - Prob. 16PCh. 1.4 - Prob. 17PCh. 1.4 - Prob. 18PCh. 1.4 - Prob. 19PCh. 1.4 - Prob. 20PCh. 1.4 - Prob. 21PCh. 1.4 - Prob. 22PCh. 1.4 - Prob. 23PCh. 1.4 - Prob. 24PCh. 1.4 - Prob. 25PCh. 1.4 - Prob. 26PCh. 1.4 - Prob. 27PCh. 1.4 - Prob. 28PCh. 1.4 - Prob. 29PCh. 1.4 - Prob. 30PCh. 1.4 - Prob. 31PCh. 1.4 - Prob. 32PCh. 1.4 - Prob. 33PCh. 1.4 - Prob. 34PCh. 1.4 - Prob. 35PCh. 1.4 - Prob. 36PCh. 1.4 - Prob. 37PCh. 1.4 - Prob. 38PCh. 1.4 - Prob. 39PCh. 1.4 - Prob. 40PCh. 1.4 - Prob. 41PCh. 1.4 - Prob. 42PCh. 1.4 - Prob. 43PCh. 1.4 - Prob. 44PCh. 1.4 - Prob. 45PCh. 1.5 - Prob. 1PCh. 1.5 - Prob. 2PCh. 1.5 - Prob. 3PCh. 1.5 - Prob. 4PCh. 1.5 - Prob. 5PCh. 1.5 - Prob. 6PCh. 1.5 - Prob. 7PCh. 1.5 - Prob. 8PCh. 1.5 - Prob. 9PCh. 1.5 - Prob. 10PCh. 1.5 - Prob. 11PCh. 1.5 - Prob. 12PCh. 1.5 - Prob. 13PCh. 1.5 - Prob. 14PCh. 1.5 - Prob. 15PCh. 1.5 - Prob. 16PCh. 1.5 - Prob. 17PCh. 1.5 - Prob. 18PCh. 1.5 - Prob. 19PCh. 1.5 - Prob. 20PCh. 1.5 - Prob. 21PCh. 1.5 - Prob. 22PCh. 1.5 - Prob. 23PCh. 1.5 - Prob. 24PCh. 1.5 - Prob. 25PCh. 1.5 - Prob. 26PCh. 1.5 - Prob. 27PCh. 1.5 - Prob. 28PCh. 1.5 - Prob. 29PCh. 1.5 - Prob. 30PCh. 1.5 - Prob. 31PCh. 1.5 - Prob. 32PCh. 1.5 - Prob. 33PCh. 1.5 - Prob. 34PCh. 1.5 - Prob. 35PCh. 1.5 - Prob. 36PCh. 1.5 - Prob. 37PCh. 1.5 - Prob. 38PCh. 1.5 - Prob. 39PCh. 1.5 - Prob. 40PCh. 1.5 - Prob. 41PCh. 1.5 - Prob. 42PCh. 1.5 - Prob. 43PCh. 1.5 - Prob. 44PCh. 1.5 - Prob. 45PCh. 1.6 - Prob. 1PCh. 1.6 - Prob. 2PCh. 1.6 - Prob. 3PCh. 1.6 - Prob. 4PCh. 1.6 - Prob. 5PCh. 1.6 - Prob. 6PCh. 1.6 - Prob. 7PCh. 1.6 - Prob. 8PCh. 1.6 - Prob. 9PCh. 1.6 - Prob. 10PCh. 1.6 - Prob. 11PCh. 1.6 - Prob. 12PCh. 1.6 - Prob. 13PCh. 1.6 - Prob. 14PCh. 1.6 - Prob. 15PCh. 1.6 - Prob. 16PCh. 1.6 - Prob. 17PCh. 1.6 - Prob. 18PCh. 1.6 - Prob. 19PCh. 1.6 - Prob. 20PCh. 1.6 - Prob. 21PCh. 1.6 - Prob. 22PCh. 1.6 - Prob. 23PCh. 1.6 - Prob. 24PCh. 1.6 - Prob. 25PCh. 1.6 - Prob. 26PCh. 1.6 - Prob. 27PCh. 1.6 - Prob. 28PCh. 1.6 - Prob. 29PCh. 1.6 - Prob. 30PCh. 1.6 - Prob. 31PCh. 1.6 - Prob. 32PCh. 1.6 - Prob. 33PCh. 1.6 - Prob. 34PCh. 1.6 - Prob. 35PCh. 1.6 - Prob. 36PCh. 1.6 - Prob. 37PCh. 1.6 - Prob. 38PCh. 1.6 - Prob. 39PCh. 1.6 - Prob. 40PCh. 1.6 - Prob. 41PCh. 1.6 - Prob. 42PCh. 1.6 - Prob. 43PCh. 1.6 - Prob. 44PCh. 1.6 - Prob. 45PCh. 1.6 - Prob. 46PCh. 1.6 - Prob. 47PCh. 1.6 - Prob. 48PCh. 1.6 - Prob. 49PCh. 1.6 - Prob. 50PCh. 1.6 - Prob. 51PCh. 1.6 - Prob. 52PCh. 1.6 - Prob. 53PCh. 1.7 - Prob. 1PCh. 1.7 - Prob. 2PCh. 1.7 - Prob. 3PCh. 1.7 - Prob. 4PCh. 1.7 - Prob. 5PCh. 1.7 - Prob. 6PCh. 1.7 - Prob. 7PCh. 1.7 - Prob. 8PCh. 1.7 - Prob. 9PCh. 1.7 - Prob. 10PCh. 1.7 - Prob. 11PCh. 1.7 - Prob. 12PCh. 1.7 - Prob. 13PCh. 1.7 - Prob. 14PCh. 1.7 - Prob. 15PCh. 1.7 - Prob. 16PCh. 1.7 - Prob. 17PCh. 1.7 - Prob. 18PCh. 1.7 - Prob. 19PCh. 1.7 - Prob. 20PCh. 1.7 - Prob. 21PCh. 1.7 - Prob. 22PCh. 1.7 - Prob. 23PCh. 1.7 - Prob. 24PCh. 1.7 - Prob. 25PCh. 1.7 - Prob. 26PCh. 1.7 - Prob. 27PCh. 1.7 - Prob. 28PCh. 1.7 - Prob. 29PCh. 1.7 - Prob. 30PCh. 1.7 - Prob. 31PCh. 1.7 - Prob. 32PCh. 1.7 - Prob. 33PCh. 1.7 - Prob. 34PCh. 1.7 - Prob. 35PCh. 1.7 - Prob. 36PCh. 1.7 - Prob. 37PCh. 1.7 - Prob. 38PCh. 1.7 - Prob. 39PCh. 1.7 - Prob. 40PCh. 1.7 - Prob. 41PCh. 1.7 - Prob. 42PCh. 1.7 - Prob. 43PCh. 1.7 - Prob. 44PCh. 1.7 - Prob. 45PCh. 1.7 - Prob. 46PCh. 1.7 - Prob. 47PCh. 1.7 - Prob. 48PCh. 1.7 - Prob. 49PCh. 1.7 - Prob. 50PCh. 1.7 - Prob. 51PCh. 1.7 - Prob. 52PCh. 1.7 - Prob. 53PCh. 1.7 - Prob. 54PCh. 1.8 - Prob. 1PCh. 1.8 - Prob. 2PCh. 1.8 - Prob. 3PCh. 1.8 - Prob. 4PCh. 1.8 - Prob. 5PCh. 1.8 - Prob. 6PCh. 1.8 - Prob. 7PCh. 1.8 - Prob. 8PCh. 1.8 - Prob. 9PCh. 1.8 - Prob. 10PCh. 1.8 - Prob. 11PCh. 1.8 - Prob. 12PCh. 1.8 - Prob. 13PCh. 1.8 - Prob. 14PCh. 1.8 - Prob. 15PCh. 1.8 - Prob. 16PCh. 1.8 - Prob. 17PCh. 1.8 - Prob. 18PCh. 1.8 - Prob. 19PCh. 1.8 - Prob. 20PCh. 1.8 - Prob. 21PCh. 1.8 - Prob. 22PCh. 1.8 - Prob. 23PCh. 1.8 - Prob. 24PCh. 1.8 - Prob. 25PCh. 1.8 - Prob. 26PCh. 1.8 - Prob. 27PCh. 1.8 - Prob. 28PCh. 1.8 - Prob. 29PCh. 1.8 - Prob. 30PCh. 1.8 - Prob. 31PCh. 1.8 - Prob. 32PCh. 1.8 - Prob. 33PCh. 1.8 - Prob. 34PCh. 1.8 - Prob. 35PCh. 1.8 - Prob. 36PCh. 1.8 - Prob. 37PCh. 1.8 - Prob. 38PCh. 1.8 - Prob. 39PCh. 1.8 - Prob. 40PCh. 1.8 - Prob. 41PCh. 1.8 - Prob. 42PCh. 1.8 - Prob. 43PCh. 1.8 - Prob. 44PCh. 1.8 - Prob. 45PCh. 1.8 - Prob. 46PCh. 1.8 - Prob. 47PCh. 1.8 - Prob. 48PCh. 1.8 - Prob. 49PCh. 1.8 - Prob. 50PCh. 1.8 - Prob. 51PCh. 1.8 - Prob. 52PCh. 1.8 - Prob. 53PCh. 1.8 - Prob. 54PCh. 1.8 - Prob. 55PCh. 1.8 - Prob. 56PCh. 1.8 - Prob. 57PCh. 1.8 - Prob. 58PCh. 1.8 - Prob. 59PCh. 1.9 - Prob. 1PCh. 1.9 - Prob. 2PCh. 1.9 - Prob. 3PCh. 1.9 - Prob. 4PCh. 1.9 - Prob. 5PCh. 1.9 - Prob. 6PCh. 1.9 - Prob. 7PCh. 1.9 - Prob. 8PCh. 1.9 - Prob. 9PCh. 1.9 - Prob. 10PCh. 1.9 - Prob. 11PCh. 1.9 - Prob. 12PCh. 1.9 - Prob. 13PCh. 1.9 - Prob. 14PCh. 1.9 - Prob. 15PCh. 1.9 - Prob. 16PCh. 1.9 - Prob. 17PCh. 1.9 - Prob. 18PCh. 1.9 - Prob. 19PCh. 1.9 - Prob. 20PCh. 1.9 - Prob. 21PCh. 1.9 - Prob. 22PCh. 1.9 - Prob. 23PCh. 1.9 - Prob. 24PCh. 1.9 - Prob. 25PCh. 1.9 - Prob. 26PCh. 1.9 - Prob. 27PCh. 1.9 - Prob. 28PCh. 1.9 - Prob. 29PCh. 1.10 - Prob. 1PCh. 1.10 - Prob. 2PCh. 1.10 - Prob. 3PCh. 1.10 - Prob. 4PCh. 1.10 - Prob. 5PCh. 1.10 - Prob. 6PCh. 1.10 - Prob. 7PCh. 1.10 - Prob. 8PCh. 1.10 - Prob. 9PCh. 1.10 - Prob. 10PCh. 1.10 - Prob. 11PCh. 1.10 - Prob. 12PCh. 1.10 - Prob. 13PCh. 1.10 - Prob. 14PCh. 1.10 - Prob. 15PCh. 1.10 - Prob. 16PCh. 1.10 - Prob. 17PCh. 1.10 - Prob. 18PCh. 1.10 - Prob. 19PCh. 1.10 - Prob. 20PCh. 1.10 - Prob. 21PCh. 1.10 - Prob. 22PCh. 1.10 - Prob. 23PCh. 1.10 - Prob. 24PCh. 1.10 - Prob. 25PCh. 1.10 - Prob. 26PCh. 1.10 - Prob. 27PCh. 1.10 - Prob. 28PCh. 1.10 - Prob. 29PCh. 1.10 - Prob. 30PCh. 1.10 - Prob. 31PCh. 1.10 - Prob. 32PCh. 1.10 - Prob. 33PCh. 1.10 - Prob. 34PCh. 1.10 - Prob. 35PCh. 1.10 - Prob. 36PCh. 1.10 - Prob. 37PCh. 1 - Prob. 1SYUCh. 1 - Prob. 2SYUCh. 1 - Prob. 3SYUCh. 1 - Prob. 4SYUCh. 1 - Prob. 5SYUCh. 1 - Prob. 6SYUCh. 1 - Prob. 7SYUCh. 1 - Prob. 8SYUCh. 1 - Prob. 9SYUCh. 1 - Prob. 10SYUCh. 1 - Prob. 11SYUCh. 1 - Prob. 12SYUCh. 1 - Prob. 13SYUCh. 1 - Prob. 14SYUCh. 1 - Prob. 15SYUCh. 1 - Prob. 16SYUCh. 1 - Prob. 17SYUCh. 1 - Prob. 18SYUCh. 1 - Prob. 19SYUCh. 1 - Prob. 20SYUCh. 1 - Prob. 21SYUCh. 1 - Prob. 22SYUCh. 1 - Prob. 23SYUCh. 1 - Prob. 24SYUCh. 1 - Prob. 25SYUCh. 1 - Prob. 26SYUCh. 1 - Prob. 27SYUCh. 1 - Prob. 28SYUCh. 1 - Prob. 29SYUCh. 1 - Prob. 30SYUCh. 1 - Prob. 31SYUCh. 1 - Prob. 32SYUCh. 1 - Prob. 33SYUCh. 1 - Prob. 34SYUCh. 1 - Prob. 35SYUCh. 1 - Prob. 36SYUCh. 1 - Prob. 37SYUCh. 1 - Prob. 38SYUCh. 1 - Prob. 39SYUCh. 1 - Prob. 40SYUCh. 1 - Prob. 41SYUCh. 1 - Prob. 42SYUCh. 1 - Prob. 43SYUCh. 1 - Prob. 44SYUCh. 1 - Prob. 45SYUCh. 1 - Prob. 46SYUCh. 1 - Prob. 47SYUCh. 1 - Prob. 48SYUCh. 1 - Prob. 49SYUCh. 1 - Prob. 50SYUCh. 1 - Prob. 51SYUCh. 1 - Prob. 52SYUCh. 1 - Prob. 53SYUCh. 1 - Prob. 54SYUCh. 1 - Prob. 55SYUCh. 1 - Prob. 56SYUCh. 1 - Prob. 57SYUCh. 1 - Prob. 58SYUCh. 1 - Prob. 59SYUCh. 1 - Prob. 60SYUCh. 1 - Prob. 61SYUCh. 1 - Prob. 62SYUCh. 1 - Prob. 63SYUCh. 1 - Prob. 64SYUCh. 1 - Prob. 65SYUCh. 1 - Prob. 66SYUCh. 1 - Prob. 67SYUCh. 1 - Prob. 68SYUCh. 1 - Prob. 69SYUCh. 1 - Prob. 70SYUCh. 1 - Prob. 71SYUCh. 1 - Prob. 72SYUCh. 1 - Prob. 73SYUCh. 1 - Prob. 74SYUCh. 1 - Prob. 75SYUCh. 1 - Prob. 76SYUCh. 1 - Prob. 77SYUCh. 1 - Prob. 78SYUCh. 1 - Prob. 79SYUCh. 1 - Prob. 80SYUCh. 1 - Prob. 81SYUCh. 1 - Prob. 82SYUCh. 1 - Prob. 83SYUCh. 1 - Prob. 84SYUCh. 1 - Prob. 85SYUCh. 1 - Prob. 86SYUCh. 1 - Prob. 87SYUCh. 1 - Prob. 88SYUCh. 1 - Prob. 89SYUCh. 1 - Prob. 90SYUCh. 1 - Prob. 91SYUCh. 1 - Prob. 92SYUCh. 1 - Prob. 93SYUCh. 1 - Prob. 94SYUCh. 1 - Prob. 95SYUCh. 1 - Prob. 96SYUCh. 1 - Prob. 97SYUCh. 1 - Prob. 98SYUCh. 1 - Prob. 99SYUCh. 1 - Prob. 100SYUCh. 1 - Prob. 101SYUCh. 1 - Prob. 102SYUCh. 1 - Prob. 103SYUCh. 1 - Prob. 104SYUCh. 1 - Prob. 105SYU
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- I Example 12.8. A firm uses milling machines, grinding machines and lathes to pro- duce two motor parts. The machining times required for each part, the machining times avail- able on different machines and the profit on each motor part are given below : .Machining time reqd. for the motor part (mts) Max. time. available per week (minutes) Type of machine I II Milling machines Grinding machines Lathes Profit/unit (Rs.) 10 4 2,000 3 2 900 6 12 3,000 100 40 Determine the number of parts I and II to be manufactured per week to maximize the profit.arrow_forwardWith fixed costs of Ksh. 400,000, a firm has average total costs of Ksh. 3,000 and average variable costs of Ksh. 2,500. Its output is?arrow_forwardProblem 1 (a) Teddy J is a manufacturer of dish washing liquid. If his monthly demand function for 750ml size is q = 4000 – 250p and his total cost function is C(q) =500+ 0.2q. (i) Derive an expression, R(q) for Teddy J's total revenue curve. (ii) Derive an expression, II(q) for Teddy J's profit function. (iii) Determine whether Teddy J's profit is increasing or decreasing when he produces 5 hundred, 750ml bottles of dish washing liquid. (iv) How many 750ml bottles of dish washing liquid should Teddy J produce per month if he wishes to maximize his profits. (b) A firm has an average cost function 125 q? * A(q) = 4. 16 where q is the firm's output. (i) Determine the level of output for average costs are minimum. (ii) Hence determine the range of values for which average costs are decreasing. (iii) What part of the decreasing range is practically feasible? (iv) Write an equation for the total cost function. (v) Hence calculate the level of output for which total costs are minimum.arrow_forward
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- Problem 1 (a) Teddy J is a manufacturer of dish washing liquid. If his monthly demand function for 750ml size is q = 4000 – 250p and his total cost function is C(q) = 500 + 0.2q. (i) Derive an expression, R(q) for Teddy J's total revenue curve. (ii) Derive an expression, I(q) for Teddy J's profit function. (iii) Determine whether Teddy J's profit is increasing or decreasing when he produces 5 hundred, 750ml bottles of dish washing liquid. (iv) How many 750ml bottles of dish washing liquid should Teddy J produce per month if he wishes to maximize his profits. (b) A firm has an average cost function 125 A(q) - 4. 16 where q is the firm's output. (i) Determine the level of output for average costs are minimum. (ii) Hence determine the range of values for which average costs are decreasing. (iii) What part of the decreasing range is practically feasible? (iv) Write an equation for the total cost function. (v) Hence calculate the level of output for which total costs are minimum.arrow_forwardProblem 15. A retailer has bought several cases of Californian wine. As the wine ages, its value initially increases, but eventually the wine will pass its prime and its value will decrease. Suppose that x years from now, the market value of a case will be changing at the rate of 53 – 10x dollars per year. Suppose, in addition, that storage rates will remain fixed at $3 per case per year. When should the retailer sell the wine to obtain the greatest possible profit? Solution:arrow_forwardtion are given. (a) Sketch the first-quadrant portions of In Problems 1–4, a supply function and a demand func- market equilibrium point. (c) Algebraically determine the those functions on the same set of axes. (b) Label the market equilibrium point. (c) Algebraically determine the market equilibrium point. 1 q2 +10 1. Supply: p 4 Demand: p = 86 – 6q – 3g² 2. Supply: p = q² + 89 + 16 Demand: p = 216 - 29 3. Supply: p = 0.2q² + 0.4q + 1.8 Demand: p = 9 – 0.2q – 0.1q² 4. Supply: p q² + 8g + 22 %3D %3D %3D 1 198 4g 4 Demand: p %3D 5. If the supply function for a commodity is p = q? + 8q + 16 and the demand function is p = -3q2 + 6q + 436, find the equilibrium quantity and equilibrium price. 6. If the supply function for a commodity is p = q? + 8q + 20 and the demand function is p = 100 – 49 – q², find the equilibrium quantity and equilibrium price. 7. If the demand function for a commodity is given by the equation p? + 4q = 1600 and the supply function is given by the equation 300 – p² +…arrow_forward
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