What is the formula for revenue function?

revenue function (the product of the price per unit times the number of units sold; R = P × Q) will be R = $1.5 Q, where R is the revenue and Q is the number of units sold.

How do you find the revenue function from a demand function?

The inverse demand function can be used to derive the total and marginal revenue functions. Total revenue equals price, P, times quantity, Q, or TR = P×Q. Multiply the inverse demand function by Q to derive the total revenue function: TR = (120 – . 5Q) × Q = 120Q – 0.5Q².

What are the solutions of 3 x 4 )( 2x 3 0 Check all that apply 4 3 3 4?

Answer: The solutions of 3(x – 4)(2x – 3) = 0, are x = 4 and x = 3/2.

How do you find the marginal average cost function?

The Average Cost (AC) for q items is the total cost divided by q, or TC/q. You can also talk about the average fixed cost, FC/q, or the average variable cost, TVC/q. The Marginal Cost (MC) at q items is the cost of producing the next item. Really, it’s MC(q) = TC(q + 1) – TC(q).

What is the revenue function *?

1. The company’s revenue function, R(x). The output level that maximizes the company’s profit, and the maximum profit. 1) Revenue is equal to the number of units sold times the price per unit. To obtain the revenue function, multiply the output level by the price function.

How do you find revenue from marginal revenue?

Revenue functions from Marginal revenue functions

1. If R is the total revenue function when the output is x, then marginal revenue MR = dR/dx Integrating with respect to ‘ x ‘ we get.
2. Revenue Function, R = ∫ ( MR ) dx + k.

What is demand revenue?

The terms revenue and demand are related, but different: Revenue. Revenue is the amount (value) of a product that customers actually buy from a business. Demand. Demand is the amount of a product that customers are prepared to buy.

What are the solutions of the equation x 4 3x 2 2 0?

The solutions of the equation x4 + 3×2 + 2 = 0 are x = i, -i, i√2, -i√2.

What function has real zeros at x 3?

cubic function
Answer: The cubic function which has real zeros at x = 3 and x = 7 are x3 – 17×2 + 91x – 147 or x3 – 13×2 + 51x – 63. Let’s understand how we arrived at the solution. Explanation: Cubic polynomials can have 3 zeroes.

What is the revenue function?

A formula or equation representing the way in which particular items of income behave when plotted on a graph. For example, the most common revenue function is that for total revenue in the equation y = bx, where y is the total revenue, b is the selling price per unit of sales, and x is the number of units sold.

How do you find the marginal revenue function?

The marginal revenue function is the derivative of the total revenue function, r(x). To find the marginal revenue, take the derivative of the revenue function to find r'(x). It gives the approximate cost of producing the next item (if x=5), r'(5) tells you the approximate cost of producing the 6th item).