 # Yorktown Technology

Satisfactory Essays
483 Words Grammar Plagiarism  Writing  Score Yorktown Technology The purpose of this paper is to gather data for this company that wants to know how to find the price, revenue, and marginal revenue of their shoes through the given equation. After a series of plugging in formulas, and solving equations you will find solutions. In order to find out the revenue you have to know the price. So the first step towards finding out the price is to solve the first given equation. After finding the price for their company’s shoes the next step would be to find the company’s revenue. Then finding the marginal revenue will follow.
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. The equation that was related to the problem is {x=4000-40p}. In order to find the price the first step: {40p} has to be added; which will place 40p on the left side of the equation. The next step is to place the x on the right side of the equation by negating x. Once (-x) has been applied the equation should look like {40p=400-x}. Then the third step would be to divide everything by 40. After dividing the equation by 40 you will find the price of the equation. The formula for the price should look like (p=100-25x).
After finding the price the company wanted to find the revenue. The formula for revenue is {R(x) =xp}.The x in xp stands for the number of retailors that are likely to buy at their set price per seat. With that given we know the formula for price; therefore we have to write the new equation like {R(x) = x(100-25x)}. After writing out the first equation\ is to distribute. The equation for revenue now would end up looking like Rx= 100x-25(squared). After finding the formula for the revenue the next thing the

## You May Also Find These Documents Helpful

• Good Essays

Consider the situation shown in the table and Figure 10.2 (above). The total revenue earned by the production of 4 workers is \$_____________ . 102…

• 351 Words
• 2 Pages
Good Essays
• Satisfactory Essays

A company produces accessories for smart phones and tablets. The profit on each smart phone case is \$2 and the profit on each tablet case is \$3. The company made a profit of \$1,200 on the cases last month. The equation 2x + 3y = 1,200 represents the company's profit from cases last month, where x is the number of smart phone cases sold and y is the number of tablet cases sold.…

• 277 Words
• 2 Pages
Satisfactory Essays
• Satisfactory Essays

A company produces accessories for smart phones and tablets. The profit on each smart phone case is \$2, and the profit on each tablet case is \$3. The company made a profit of \$1,200 on the cases last month. The equation 2x + 3y = 1,200 represents the company's profit from cases last month, where x is the number of smart phone cases sold and y is the number of tablet cases sold.…

• 215 Words
• 1 Page
Satisfactory Essays
• Satisfactory Essays

The five year prediction of XYZ Company’s sales displays an upsurge of 15%, 10%, 25%, and 50% in each of the years. The gross profit also improved from \$697,428 to \$3,494,500 over the five year period. Revenue will increase twice in year 2013, after that revenue will increase 10% in the coming year. Cost of revenue will be based on sales percentage…

• 452 Words
• 2 Pages
Satisfactory Essays
• Satisfactory Essays

1. Revenue function of producing and selling x units of a product is: R(x) = 20 x −…

• 1051 Words
• 5 Pages
Satisfactory Essays
• Satisfactory Essays

Price Quantity Demanded Quantity Supplied\$100 70 30\$200 60 40\$300 50 50\$400 40 60\$500 30 70\$600 20 80…

• 310 Words
• 2 Pages
Satisfactory Essays
• Satisfactory Essays

The calculation that converts the Wholesale selling price of the 12/31/2008 lipstick inventory shown as \$11.5 million to the “cost” of \$9.7 million:…

• 327 Words
• 2 Pages
Satisfactory Essays
• Powerful Essays

In November 2001, a startup company, Yorktown Technologies, was founded by two gentlemen, Alan Blake and Richard Crockett, with the objective to patent the idea of producing GloFish® genetically modified tropical zebra fish which would fluorescent all the time. Zebra danio fish are native to India. These fish are clear with stripes on them. The objective of these fluorescent fish is to identify water contamination. After further analysis, patenting this idea was not possible as these fishes where already been developed for research. As a result, Crockett and Blake proceeded in modifying their business strategy to license the packaging and reselling of fluorescent fishes to large industry buyers.…

• 3212 Words
• 13 Pages
Powerful Essays
• Satisfactory Essays

the retail price to calculate the dollar amount of profit, and then divide the profit by the…

• 874 Words
• 3 Pages
Satisfactory Essays
• Satisfactory Essays

• Not being able to sell the Glofish in California which is an important market with high population…

• 789 Words
• 4 Pages
Satisfactory Essays
• Good Essays

5) Firm 1’s demand is given by P=49-q1+0.25q2 and Firm 2’s demand is given by P=49-q2+0.25q1. If TC=q2 +5 for each, what profit will each firm earn? What kinds of goods are the two firm’s selling?…

• 378 Words
• 2 Pages
Good Essays
• Good Essays

INDEX NUMBERS compare figures which show changes in a given variable. The most common variables used in index numbers are price and quantity. By getting the difference of the index numbers, we are able to determine the relative or percent change in the price or quantity of a commodity between two periods of time or two localities.…

• 3651 Words
• 15 Pages
Good Essays
• Satisfactory Essays

Determine price for each of the product of your choice based on the pricing strategies you have learnt.…

• 278 Words
• 2 Pages
Satisfactory Essays
• Good Essays

2 For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of \$10 and a marginal cost of \$7. It follows that the…

• 1318 Words
• 6 Pages
Good Essays
• Better Essays

If the current sales value of the FBXX product is 25 per cent of the company’s total sales of \$100 million; and the average price is \$1050/kg; then compute the following:…

• 3096 Words
• 10 Pages
Better Essays