find montly revenue with demand euations x=400-50p+40q, y=200+60p-70q
To calculate marginal revenue from a demand curve, you can find the slope of the demand curve at a specific quantity using calculus or by taking the first derivative of the demand function. The marginal revenue is then equal to the price at that quantity minus the slope of the demand curve multiplied by the quantity.
Divide the yearly revenue by 12.
Marginal Revenue is the derivate (rate of change) of total revenue. Total revenue is = Price x Quantity. For instance, if the demand curve was Q = 100 - P, find the inverse demand (P = 100 - Q). Total Revenue = 100Q-Q^2Therefore marginal revenue is the derivative of 100Q - Q^2.MR = 100 - 2Q (thus twice the negative slope).In short: inverse demand x Q, find the derivative.Source(s):Microeconomic Theory Class
If it is a differentiable function, you find the value at which its derivative is 0. But in general, you can plot it as a line graph and see where it peaks.
To determine the marginal revenue on a graph, you can find the slope of the revenue curve at a specific point. The marginal revenue is the change in total revenue that results from selling one additional unit of a product. It is calculated by finding the derivative of the revenue function.
Let the demand facing a firm for its product be expressed by the following functions Q=25-0.5P Where Q=quantity and P=price, and cost function as C=25-2Q+4Q2 Compute a) Profit maximizing output, b) Justify profit maximizing output
To derive the Marshallian demand function from a utility function, you can use the concept of marginal utility and the budget constraint. By maximizing utility subject to the budget constraint, you can find the quantities of goods that a consumer will demand at different prices. This process involves taking partial derivatives and solving for the demand functions for each good.
To calculate marginal revenue, you can find the change in total revenue when one additional unit is sold. This can be done by taking the derivative of the total revenue function. By analyzing the marginal revenue, businesses can make decisions to optimize profit margins by determining the ideal pricing and production levels.
The Internal Revenue Service (IRS) can help you in identifying specific taxes required to function your company.
cost/revenue x100%
To find the total revenue in economics, multiply the price of a product by the quantity sold. Total revenue Price x Quantity.
To determine the demand function for perfect substitutes, one can analyze the prices and quantities of the two substitute goods. The demand function will show how the quantity demanded of one good changes in response to changes in the price of the other good, assuming they are perfect substitutes. This can be done through mathematical modeling and empirical analysis to find the relationship between the prices and quantities of the substitute goods.