The demand for a new computer game can be modeled by p (x )equals 48.5 minus 5 ln x, for 0less than or equalsxless than or equals800, where p(x) is the price consumers will pay, in dollars, and x is the number of games sold, in thousands. Recall that total revenue is given by R (x)= x * p (x). Complete parts (a) through (c) below.
a. Find R(x).
b. Find the marginal revenue, R'(x)
c. Is there any price at which revenue will be maximized? Why or why not? Choose the correct answer below.
a. No, because p(x)R'(x). Therefore, the revenue cannot be maximized.
b. No, because the marginal revenue, R'(x), has no maximum. Therefore, revenue will always increase
c. Yes, because the revenue will be maximized when R(x)-R'(x). The price to the consumer would be $:
d. Yes, because the revenue will be maximized when R'(x)=0. The price to the consumer would be $:
Answers: 3
Business, 21.06.2019 15:00, kprincess16r
Pursuant to the video, if the news reporter had challenged the reasonableness of her detention by the coach store, coach could have claimed the which is also known as merchant protection statutes according to the book.
Answers: 2
Business, 22.06.2019 12:10, huangjianhe135
The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)
Answers: 1
Business, 22.06.2019 13:50, 2023apd
Diamond motor car company produces some of the most luxurious and expensive cars in the world. typically, only a single dealership is authorized to sell its cars in certain major cities. in less populous areas, diamond authorizes a single dealer for an entire state or region. the manufacturer of diamond automobiles is using a(n) distribution strategy for its product.
Answers: 2
Business, 22.06.2019 15:40, brashley
Acompany manufactures x units of product a and y units of product b, on two machines, i and ii. it has been determined that the company will realize a profit of $3 on each unit of product a and $4 on each unit of product b. to manufacture a unit of product a requires 7 min on machine i and 5 min on machine ii. to manufacture a unit of product b requires 8 min on mchine i and 5 min on machine ii. there are 175 min available on machine i and 125 min available on machine ii in each work shift. how many units of a product should be produced in each shift to maximize the company's profit p?
Answers: 2
The demand for a new computer game can be modeled by p (x )equals 48.5 minus 5 ln x, for 0less than...
Mathematics, 12.11.2020 22:50
Mathematics, 12.11.2020 22:50
Mathematics, 12.11.2020 22:50
Law, 12.11.2020 22:50
Chemistry, 12.11.2020 22:50
English, 12.11.2020 22:50
History, 12.11.2020 22:50
Mathematics, 12.11.2020 22:50