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2) Find the level of production that will maximize revenue. 3)Suppose there is a fi xed cost of $174500, to set up the manufacture and a producing cost of 125 dollars per unit. Find the break even quantities.
Margin = Total Estimated Revenue - Total Estimated Labor Cost . USD 500,000 - USD 250,000 = USD 250,000.
The price, p, and the quantity, x, sold of a certain product obey the demand equation x=-10p+320. What quantity maximizes revenue? The answer should be 160, but when I tried working on it, I got 16.
We say revenue is the total turnover (or price times quantity as I just said) and profit is Total Revenue - Total Cost. We'll get to this later. Second, your maximum revenue: This occurs at the point where reveue is no longer growing clearly if the revenue is no longer going up, then it's at a maximum value.
You probably want to Maximise your total Revenue so set the Marginal Revenue to 0. A Quantity greater than 50 would actually make you lose Revenue. The Second derivative is negative so you see that anything greater than 50 would make the First derivative less than 0 and the First derivative is the Marginal Change in Total Revenue.
really this is just differentiation, so no need to get too confused here. many relations encountered in science can be expressed in the form: $$ y = f(x) \tag{1} $$ however a more symmetrical expression is sometimes more appropriate; $$ g(x,y) = 0 \tag{2} $$ it is trivial (though un-necessary) to rewrite a relation in form 1 as a relation of the second type, viz: $$ h(x,y) = f(x)-y = 0 ...
The Marginal Revenue of an Item sold is $ \ R(x)= 100 e^{-0.001 x} \ $ dollers . Find the total revenue by selling items $ \ 101 \ $ through $ \ 1000 \ $.
Say we want to find the tax burden of the consumer, the tax burden of the firm, and the total revenue generated for the government for some excise tax t. Do we do this by looking at the elasticity of each the supplier and consumer? The Elasticity of Q with respect to P can be calculated by: $\eta_Q,_P = P/Q*dQ/dP$
Calculate the amount of tax revenue collected by the government and the distribution of tax payments between buyers and sellers. Now so far i could do the following . since in equilibrium qty demanded equals qty. supplied. So from the demand and supply functions we get, 0.5Q=200-0.5Q Q=200 . So P=0.5*200= 100
Using Calculus to find total and maximum revenue and profit. 5. Finding Revenue Function and Max Revenue. 0.