Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 12, 2024

It has been determined that the cost of producing x units of a certain item is 5x + 395, The demand function is given by

It has been determined that the cost of producing x units of a certain item is 5x + 395, The demand function is given by p = D(x) = 50 - 0.45x. Step 1 of 2: Find the revenue function. Answer 2 Points Keypad Keyboard Shortcuts R(x) =

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Price Theory and Applications

Authors: Steven Landsburg

9th edition

1285423526, 978-1285947877, 1285947878, 978-1285423524

More Books

Students also viewed these Economics questions

Question

★★★★★

Set out the nature of the duties owed by a director of a corporation. To whom are these duties owed? Who else in the corporate organization owes similar duties?

Answered: 1 week ago

Question

★★★★★

On July 31, 2022, the general ledger of Hills Legal Services Inc. showed the following balances: Cash $4,000, Accounts Receivable $1,500, Supplies $500, Equipment $5,000, Accounts Payable $4,100,...

Answered: 1 week ago

Question

★★★★★

We all know someone who has a reputation of being exceptionally good at his or her job. Survey five or more outstanding workers whom you know personally. How satisfied are these people with their...

Answered: 1 week ago

Question

★★★★★

In consideration of $1,800 paid to him by Joyce, Hill gave Joyce a written option to purchase his house for $180,000 on or before April 1. Prior to April 1, Hill verbally agreed to extend the option...

Answered: 1 week ago

Question

★★★★★

Question 7 9 1 pts True or False? Patching computers and devices with the latest security fixes makes them more resistant to many types of attacks. True False

Answered: 1 week ago

Question

★★★★★

Code MUST in C++ Your Point class will define a 2 dimensional point (a point with an x, and y coordinate). It should have getter methods for each coordinate and a method, Distance, to calculate the...

Answered: 1 week ago

Question

★★★★★

Explain why you chose the specific article? How is it relevant to the current health care landscape? Discuss current event from the perspective of a health care administrator. Document your thoughts...

Answered: 1 week ago

Question

★★★★★

7. A series of transactions for Ace Repair is given below. Use the chart to show the effect of each of the transactions on assets, liabilities, and owner's equity by placing an x in the appropriate...

Answered: 1 week ago

Question

★★★★★

(CLO3) Sam and Mike are discussing using a new project management framework. Mike mentions that no matter what the team should always be willing to try new things. Sam asks Mike to focus on the pros,...

Answered: 1 week ago

Question

★★★★★

What would be your opinion about these commenta? 1. The problem with prison gangs and violence is that there is no control inside those prisons. Corrections and jail wardens have a hard time...

Answered: 1 week ago

Question

★★★★★

3 Parametric Equations Parametric Equations 1. Consider the parametric equations 3 x= t+1 = 2t 1 (a) For what values of t are the parametric equations defined? (b) Sketch a graph of the curve on the...

Answered: 1 week ago

Question

★★★★★

Brief Exercise 12-9 Understand the current ratio (LO12-3) 7 Dungy Training Company has a current ratio of 0.95 to 1. based on current assets of $6,84 million and current liabilities of $7.20 million...

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: Linear relationships, circular relationships, patterns, critical variables and sociological laws.

Answered: 1 week ago

Question

★★★★★

2. As your starting point, take a situation at your workplace that often recurs, and answer the following questions: (a) Which elements are included? (b) How are the elements related to each other?...

Answered: 1 week ago

Question

★★★★★

A greater tendency to create winwin situations.

Answered: 1 week ago

Previous Question Next Question