revenue

  1. J

    The Marginal Revenue

    For the equations below, q is the total number of units produced per day by m employees of a manufacturer, and p is the price per unit at which the q units are sold. Find the marginal-revenue product for the given value of m. q = (500m - m^2)/50, p = -0.3q + 90; m = 70
  2. L

    Mathematical Models (Price, Revenue, Profit)

    Assume that the linear cost and revenue models apply. An item costs $13 to make. If fixed costs are $2500 and profits are $300 when 200 items are made and sold, find the revenue equation. (Let x be the number of items.)
  3. M

    company by revenue and fleet size

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  4. R

    A company's revenue varies directly as the number of items it sells. If the revenue..

    A company's revenue varies directly as the number of items it sells. If the revenue is \$300,000 when the company sells 1500 items, determine the revenue when the company sells 3,500 items. Enter your answer as a whole number. I am learning about power and polynomial functions, I am not sure if...
  5. M

    Revenue word problem

    So the question is: "Sara makes bowls she sells at fairs. She sells 100 bowls at $45 each. She knows that for each $5 increase in price she will sell 8 fewer bowls. What price should Sara charge in order to obtain greatest revenue?" So far the equation I got was: R(x)= (sold units)(price)...
  6. M

    Please help asap!! (Revenue word problem)

    "Sara makes hand turned wooden bowls that she sells at craft fairs. For the large Christmas Craft Market she usually sells 100 bowls at \$45 each. From past experience she knows that for each \$5 increase in the price she will sell 8 fewer bowls. What price should Sara change in order to obtain...
  7. R

    cost / revenue equations

    A small plant manufactures riding lawn mowers. The plant has fixed costs (leases, insurance, and so on) of $44,000 per day and variable costs (labor, materials, and so on) of $1600 per unit where x is the total number of mowers produced and sold each day, and the daily costs and revenue are in...
  8. S

    Optimization/ Max Revenue.

    Suppose you own an apartment building containing 100 units. If you charge $400 per month for each unit, then all units can be rented out. For every $20 increase in monthly rent, you will lose one customer. What monthly rent should you charge to maximize your revenue? Show that the corresponding...
  9. P

    business calculus finding revenue

    The owner of a luxury motor yacht charges $500/person/day if exactly 15 people show up for the cruise. However, if more than 15 people sign everyone's fare is reduced by $3 for each additional passenger. Assume that at least 15 people sign up for the cruise. A) Find the revenue function. B)...
  10. B

    Need help on maximizing revenue, maximizing profit word problems!!!

    Today, my class was assigned 3 problems as extra credit on our upcoming test. Our teacher warned us that they were kind of difficult. We're not allowed to go to any math professors here on campus and I can't seem to find anyone who knows how to do these problems. They are on Maximizing Profit/...
  11. I

    Function Notation - Revenue of sleeping bags

    The relationship between the selling price of a sleeping bag, s dollars, and the revenue at that selling price, r(s) dollars, is represented by the function r(s)=-10s2 + 1500s. Evaluate, interpret and compare r(29.95), r(60.00), r(75.00), r(90.00), and r(130.00). (13 marks) a) r(29.95) =...
  12. I

    Function Notation - Revenue - know the answer, need to understand question

    The relationship between the selling price of a sleeping bag, s dollars, and the revenue at that selling price, r(s) dollars, is represented by the function r(s)=-10s2 + 1500s. Evaluate, interpret and compare r(29.95), r(60.00), r(75.00), r(90.00), and r(130.00). (13 marks) a) r(29.95) =...
  13. E

    Accounting total revenue

    I've been working on hours on this. Does anyone know the formula to finding the total revenue and total expense for each of them? I tried to plug in the numbers of the equation Assets = Liabilities + Stockholder's Equity. Which is really Assets = Liabilities + Common stock + Revenue - Expenses -...
  14. S

    Maximize Revenue

    The price of an item is given by the equation where is the number of items demanded. What should the number of items be to maximize the producers total revenue? Number of items demanded to maximize revenue: ______________________________
  15. P

    Extra revenue gain

    A doctor currently makes $175,000 in profit: $425,000 in revenue and $250,000 in cost. The physician's time spent is on 75% patient care, 15% billing, and 10% administrative services. If a doctor outsources his billing, he can spent the 15% of the time he spent billing seeing patients. How...
  16. P

    Calculating revenue

    Problem basics: - China Airlines currently flies twice a day from Guangzhou to Sydney and back and offers a connection Perth - Want to know if they should create a direct flight from Guangzhou to Perth - Goal: to calculate profitability. Knowing that profit=revenue-cost, and revenue=price x...
  17. B

    Let "x" represent, let "y" represent. write equation for costs and revenue

    Hi everyone, I have a multi part question that I am unsure how to solve. Here it is (sorry it's kind of long): Lee is starting a cake decorating and baking business. She had to invest $462 in her business to get started. She pays $4 per cake for ingredients, and she sells each cake for $25...
  18. A

    Calculus Question - How to find the marginal revenue?

    The marginal revenue function is the differential of the total revenue function. For the total revenue function TR = 500Q + 3Q2 where Q is the quantity produced, find the value of the marginal revenue (MR) when Q equals 71. Give answer to nearest integer value. Can...
  19. E

    Calculate intervals - cost and revenue function

    Cost and revenue function, calculate the intervals where the profit is increasing?C(x) = 0.32x^2 - 0.00004x^3 R(x) = 0.848x^2 - 0.0002x^3 Im lost!!(Thinking)(Thinking)
  20. S

    Revenue

    The Hotel Summerfield has 500 rooms. Currently the hotel is filled . The daily rental is $ 850 per room. For every $ 16 increase in rent the demand for rooms decreases by 8 rooms. Let x = the number of $ 16 increases that can be made. What should x be so as to maximize the revenue of...