Preview

AMB_assignment

Good Essays
Open Document
Open Document
604 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
AMB_assignment
Raggs, Ltd., a clothing firm, determines that the marginal profit and marginal cost are given by , . Find the total revenue if R(0) = 3000.
1, The distance profit is given by the definiteinte gral of (P’(x))
Px=P'x=150-0.5xdx
=150x-0.25x2+CThe distance cost is given by the definiteinte gral of (C’(x))
Cx=C'x=4000+0.25x2dx
=4000x-112x3+CWe have the total revenue is R(x) = P(x) + C(x)
Cx=150x-0.25x2+C+4000x+112x3+C
=112x3-0.25x2+4150x+C1 (C1=2C)
When R(0) = 3000
=>2C=3000
The total revenue is
Rx= 112x3-0.25x2+4150x+3000
Laso Industries finds that the marginal profit, in dollars, from the sale of x products is given by . A customer orders 1200 digital control boards and later increases the order to 1500. Find the extra profit resulting from the increase in order size.
2, The distance profit is given by the definiteinte gral of (P’(x))
Px=P'x=3.1.x0.1dx
=3111x1.1+CThe extra profit resulting from the increase in order size is the antidifferentiation P(x) with belong [1200,1500]
Px=12001500(3130x1.1) dx=> 3111(15001.1-12001.1)
= $1911.76 Northeast Airlines determines that the marginal profit resulting from the sale of x seats on a jet traveling from Atlanta to Kansas City, in hundreds of dollars, is given by Find the total profit when 85 seats are sold.
3, The distance total profit is give by the definiteinte gral of P(x)
Px=P'x=3x-30dx
=233x32-30x+CWhen 85 seats are sold the total profit is:
Px=2338532-85.30
= -$1645.105
Great Green, Inc., determines that its marginal revenue per day is given by , where R(t) is the total accumulated revenue, in dollars, on the tth day. The company’s marrginal cost per day is given by , where C(t) is the total accumulated cost, on the tth day.
Find the total profit from t=0 to t=10.
Find the average daily profit for the first 10 days.
4,a, The distance revenue is given by

You May Also Find These Documents Helpful

  • Good Essays

    A2. Marginal revenue (MR) is extra profit a company makes selling one more unit of a product. Marginal cost (MC) is the expenditure to the company to produce one more product. This is calculated taking the total cost (TC) of the last product made and subtracting the total cost (TC) of the product before that. The graph shows, it costs $30 to make one product and $50 to make two. (MC) is $50 minus $30, equalling $20. (MC) goes up $10 for every additional product. This increases from making one product up until eight. The profit is at a maximum at this point (Line 8 Bolded). The marginal revenue (MR) then decreases with each additional product made after the eighth. ("marginal cost," 2013)…

    • 912 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    B. The formula for Marginal Revenue (MR) is the Change ( ) in Total Revenue (TR) divided by the Change in Quantity (Q); where Total Revenue is equal to Price (P) times Quantity (Q).…

    • 801 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    WGU EGT1 Task 1

    • 746 Words
    • 3 Pages

    In this given situation a company exists in a monopolistic competition where a company sells widgets. As more widget are sold the company must offer discounts on the product in order to sell more units. The table below includes the Total Revenue and Total Cost information needed to perform marginal revenue and marginal cost calculations that will be explained below.…

    • 746 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Mat 540 Quiz

    • 818 Words
    • 4 Pages

    If the product the firm produces sells for a constant $2 per unit, the marginal revenue product of the third unit of the resource is: |…

    • 818 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Egt1, Task1

    • 432 Words
    • 2 Pages

    B. Marginal revenue (MR) is the additional revenue received by producing and selling one more unit. As an example from Exhibit 1 below, the marginal revenue from selling the 8th unit (one more than 7) is $80. As can be seen in exhibit 1 below, marginal revenue (MR) decreases as the number of units produced increases.…

    • 432 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Egt1 Task 1

    • 694 Words
    • 3 Pages

    The marginal revenue is the change in total revenue resulting from selling one more unit of output. If marginal revenue is greater than marginal cost then total revenue would be increased. If marginal cost is greater than marginal revenue, it would then decrease. Furthermore, if both marginal revenue and marginal cost are equal, it would remain constant. In this given scenario, we can calculate the…

    • 694 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Mgt 450 Study Guide

    • 463 Words
    • 2 Pages

    Donna can make a chair for about $100, she charges customers $150 to buy the chair, and customers perceive that the chair is worth $225. Donna's profit margin is…

    • 463 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    EGT1 Task1

    • 369 Words
    • 2 Pages

    The definition of Marginal revenue is the extra revenue that will be made when one additional unit of any given product is sold. The sum of sales or a pre-determined quantity of a particular product is called total revenue. “Marginal revenue tells a firm how much additional money selling each additional product will gross; total revenue tells a firm how much they will make by selling any given quantity. Marginal cost is the cost a firm incurs to produce one more unit of a product. Total cost is the total cost economically a firm pays for producing a given quantity of a certain product.” (Stariana, November 2012)…

    • 369 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Joe Fixit has an appliance repair business. He has more business than he can handle and wants to hire another repair person. Joe estimates that three appliances can be repaired each hour by a qualified person. Joe bills out labor at $45 per hour, but he stipulates that the minimum charge for appliance repair estimates is $30 plus parts. What is the marginal revenue product of a qualified repair person?…

    • 19531 Words
    • 63 Pages
    Good Essays
  • Satisfactory Essays

    Yorktown Technology

    • 483 Words
    • 2 Pages

    After following all the necessary steps to solve these equations; the company then wants to find the Marginal revenue at a production level of (1600, and 2,500) pairs of shoes and then interpreting the results. Then by substituting the numbers of production level in for x in the Marginal revenue equation. This will show the company the numbers of production level that they can expect.…

    • 483 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Chapter 2 Problem 1 c. Calculate the net profit if 1 million CDs are sold Total Sales (1M CDs x $9) Less: Tot Variable Costs (1M x $2.60) Less: Total Fixed Cost $9,000,000 $2,600,000 $ 525,000 Net Profit $5,875,000…

    • 1456 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    Note 4: The marginal revenue for a particular value of x is the ___________ revenue of one __________ unit sold. ___________ Profit: Suppose that P( x ) describes the profit function for producing and selling x number of a certain product. Then the ___________ profit is the derivative of the profit function, P( x) , and measures the rate of ________ of the profit function ______________ the number of units ______________ and ______________. Note 5: The marginal profit for a particular value of x is the ___________ profit of one ___________ unit of production. ___________ Cost Function: Suppose C ( x ) is a total cost function. Then the ___________ cost function, denoted by C ( x ) , is C ( x)  Note 6: C ( x ) is read C bar of x. Note 7: Similarly, ___________ revenue and ___________ profit are defined. .…

    • 761 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Econ Qbank Ch19

    • 2581 Words
    • 11 Pages

    Given the following information, find the total revenue and marginal revenue at different output levels:…

    • 2581 Words
    • 11 Pages
    Good Essays