FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The demand function for a bottle of hand lotion is p(x) - 0.78 + 0.0003x, where x is the number of bottles sold andp is

image text in transcribed
image text in transcribed
The demand function for a bottle of hand lotion is p(x) - 0.78 + 0.0003x, where x is the number of bottles sold andp is the price. in dollars. The cost function is 00!) = 430 - 0.32X+ 0000512. Find the marginal prot when 700 bottles of hand lotion are sold. Include the proper units and leave no spaces

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Financial Accounting

Financial Accounting

Authors: C Thomas,

12th Edition

007760086X, 9780077600860

More Books

Students also viewed these Economics questions

Question

★★★★★
Sometimes poor countries have a lot of people; India has more than 1 billion people. Indians are relatively poor and we know that as families become wealthy, they tend to limit their number of...

Answered: 1 week ago

Question

★★★★★
15.59 Paper Brightness The coded values for a measure of brightness in paper (light reflectivity), prepared by two different processes, are given in the table for samples of nine observations drawn...

Answered: 1 week ago

Question

★★★★★
For the logistic regression model logit(????) = ????0 + ????1????1 + ????2????2 + + ???????????????? and a sufficiently large sample, compute a 95% confidence interval for the odds ratio associated...

Answered: 1 week ago

Question

★★★★★
1. Which forces facing Bivens supported change and which resisted change? 2. Did she use an economic or an organizational development approach to create change? Was it effective? 3. Using the...

Answered: 1 week ago

Question

★★★★★
solutions without excel please Earnings per common share of ABC Industries for the next year are expected to be $2.9 and to grow 11% per year over the next 4 years. At the end of the 5 years,...

Answered: 1 week ago

Question

★★★★★
(i) Michaella Company is the disputant in a case archived by Kristin in 2015 scrutinizing the authenticity of copyright held by Michaella. On December 31, 2015, Michaella found that Kristin would...

Answered: 1 week ago

Question

★★★★★
*P9-8A In recent years, Jayme Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the...

Answered: 1 week ago

Question

★★★★★
Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company has always produced all of the parts for its engines, including the carburetors. An outside supplier...

Answered: 1 week ago

Question

★★★★★
You have been appointed as Vice President for Strategic Planning and Execution at Toys R Me. This is a small, but rapidly growing online alternative toy store. Sales last year were $10 million with...

Answered: 1 week ago

Question

★★★★★
3-3 Estimate the average and maximum flowrates from a recreational area (to be selected by instructor) with the following facilities. State all of your assumptions clearly. Recreational area Type of...

Answered: 1 week ago

Question

★★★★★
For provincials, the primary means of integration into the Empire lay in grants of _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ , which had been virtually impossible to receive during the...

Answered: 1 week ago

Question

★★★★★
Suppose that an investor with a 3-year investment horizon is considering buying an 8-year 6% coupon bond selling at par (semi-annual coupon payments). The investor expects that she can reinvest the...

Answered: 1 week ago

Question

★★★★★
7. Give an example of how the authority principle can be used to influence others.

Answered: 1 week ago

Question

★★★★★
8. Give an example of how the scarcity principle can be used to influence others.

Answered: 1 week ago

Question

★★★★★
2. A Soviet invasion of Poland would lead to the severing of diplomatic relations between the United States and the Soviet Union.

Answered: 1 week ago

Previous Question Next Question