A local coffee shop serves 2/9 as many customers as a shop run by a national coffee chain. The shop run by the chain serves 502
1 answer:
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Answer:
(a) The daily total revenue realized from the sale of 210 units of the toaster oven is $6,195.
(b) The additional revenue realized when the production (and sales) level is increased from 210 to 310 units is $1,400.
Step-by-step explanation:
The marginal revenue gives the actual revenue realized from the sale of an additional unit of the commodity given that sales are already at a certain level. The derivative <em>R'</em> of the function <em>R</em> measures the rate of change of the revenue function.
We know that the daily marginal revenue function is given by
(a) To find the the daily total revenue you must:
- Integrate the daily marginal revenue function,
,
where C is a constant.
- Find the value of C, using the fact that if you sell 0 units your daily revenue is $0.
The daily total revenue realized from the sale of 210 units of the toaster oven is
x = 210 units
(b) To find the additional revenue realized when the production (and sales) level is increased from 210 to 310 units you must:
- Find the daily total revenue realized from the sale of 310 units
The additional revenue realized when the production (and sales) level is increased from 210 to 310 units is
Cost function,
Revenue function,
Profit function,
Break point .
Fixed cost $
.
Variable cost $
.
Price of item $
.
Let be the number of items produced and sold.
a) Cost function Fixed cost
variable cost \times number of items
So,
b) Revenue Price of an item
number of items
So,
c) Profit Revenue
Cost
d) <u>Break even point</u>
.
So, the product should be produced for or more items.
Learn more about cost function here:
Answer:
Exponential Decay
Its end behavior on the left is as follows as x approaches negative infinity y approaches positive infinity. Its end behavior on the right is as follows as x approaches positive infinity y approaches negative infinity.
Step-by-step explanation:
We can graph the function by graphing two points when x=0 and x=1.
x=0 has
x=1 has y=
This function starts with higher output values and decreases over time. This is Exponential Decay. Its end behavior on the left is as follows as x approaches negative infinity y approaches positive infinity. Its end behavior on the right is as follows as x approaches positive infinity y approaches negative infinity.