Find out the marginal revenue at a production level of 400, Ask an Expert

Management Studies

Q. Revenue analysis. A corporation manufactures and sells x digital cameras per week. The weekly price-demand and cost equations are, respectively,
0.5x=500-p and C(x)=2000+160x

(i) Express the price p in terms of the demand x and find out the demand of this function.

(ii) Find out the revenue R(x) from the sale of x digital cameras. Illustrate what is the domain of R?

(iii) Find out the marginal revenue at a production level of 400 digital cameras and interpret the results.

(iv) Illustrate what is the maximum weekly profit?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9350370

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