The revenue function is given by R = -10p² + 4700p
Revenue is the total amount of money made from selling a particular unit of products while cost is the amount of money spent in production.
Given an annual sales (q) as:
q = (−10p + 4,700) million units.
The selling price is $p per unit. Hence:
Revenue = per unit price * annual sales
Revenue = p * (−10p + 4,700)
Revenue (R) = -10p² + 4700p
The revenue function is given by R = -10p² + 4700p
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It helps us save money for the future or for our needs
No they do not become Fed-Up
Answer:
The initial cash flow of the project for this building should include the current market value of <u>$424,000.</u>
Explanation:
The $80,000 cost involved in the repairs made in the building can not be included in the new project. Because this cost was incurred five years ago, it should not be included in new project, since the financial statements is different for separate projects. So, the initial cash flow will include only the current market value which is $424,000.
The amount supplied will be greater than the amount demanded is non-price factors, such as discrimination or waiting in line, will play a greater role in the allocation of the good.
Demand is influenced by a number of economic factors besides price. Numerous more non-price factors, usually referred to as underlying determinants, can influence demand.
A force outside of supply that influences consumer demand for a product is known as a non-price determinant of demand. Ice cream, for instance, is less popular in the winter than in the summer because people don't want to be chilly. As a result, a change in the weather is a non-price determinant that influences ice cream prices. Demand is also affected by factors other than price, such as the cost of complementary and replacement products, income, expectations, and preferences and tastes.
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