Question
Marginal income. The demand equation p=f(x) and the income function are given by R(x)= px= xf(x). The management of the ACME company plans to commercialize
Marginal income. The demand equation p=f(x) and the income function are given by R(x)= px= xf(x). The management of the ACME company plans to commercialize the Electro-Stat fans. The marketing department has determined that the demand for the fans is:
p=0.02x+900 (0<x<20,000)
Where p denotes unit price in dollars, and x the quantity demanded.
a. Determine the income function R(x). b. Determine the marginal income function R(x) c. Calculate R (10,000) and interpret result.
Marginal Profit. Using the information from the above problem. If the production department of Electro-Stat fans estimates that the total cost in dollars for the production of x systems in a year will be: C(x)= 400x - 400,000
Profit function (Profit)= P(x)=R(x)-C(x) bone (Profit= Revenues-cost)
a. Determine la funcin de ganancia (profit) P(x)
b. Determine la funcin de ganancia marginal P(x)
c. Calcular P'(3,000) e interpretar resultado.
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