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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Answer:
collude with each other
Explanation:
A monopoly market structure is the structure in which the chances of high profit are there. In the case when the two firms and they work together so that the can extract the maximum profits and after that they shared themselves
As in the given question, in the case when Walmart and Target collude with each other so they would charge $1.500 and earned highest profit available
The same would be considered
Workers at nuclear power plants wear film badges to determine and measure their exposure to radiation. It is important for them to monitor their exposure to ionizing radiation. Through this method, workers can determine whether the radiation levels are already too dangerous or not.
Answer:
We need to save $2,964 each year until retirement to reach our retirement goal.
Explanation:
First lets assume that we have retired, we now need to find the present value of all our future cash flows, which means we need to find out the present value of 40,000 every year. We will input the following in a financial calculator.
FV=0
PMT= -40,000
I=6
N=20
Compute PV= 458,796
This PV is what present amount of the future payments we will need at the start of our retirement which is after 40 years. This represents the amount of money we need to have at the end of 40 years in order to have enough for our retirement. Which means we can use this as the future value. Now we need to find how much do we have to save each year so we have 458,796 at the end of 40 years.
In a financial calculator we will input the following.
FV= 458,796
PV=0
I=6
N=40
Compute PMT= 2,964
We need to save $2,964 each year until retirement to reach our retirement goal.
