Calculate Total Revenue, Marginal Revenue, Marginal Cost, and Profit. Graph each to show maximum profit. Label the profit-maximizing quantity and price, total cost, total revenue, and profit.

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Given a firm's Demand curve and its Total Cost function, this solution shows how to use Microsoft Excel to calculate Total Revenue, Marginal Revenue, Marginal Cost, and Profit

Show graphically the maximum total profit that the firm of Problem 5 earns if the price of milk (product A) falls to $0.50 while the price of cheese (product B) remain at $1.
*Just work on the case of TC=$90.
Problem 5
The dairy farm Company, a small producer of milk and cheese, has estimated the quantities of milk and chee

1. Give an example of a linear function and show at least one method of graphing it. By looking at the graph of a line, how can you tell if its slope is negative? What kind of line has a slope of zero and why?
2. Give an example of quadratic function and show at least one method of graphing it

The waste hauling company profits are stated as the difference between revenue and costs. That is P(x) = R(x) - C(x), where x is the number of tons processed. Find the maximumprofit and the number of tonnage which must be processed in order to yield the maximumprofit for each of the following:
a) R(x) = 5x; C(x) = 0.0001x2

Problem:
A company makes cameras.
The price per camera at which x million cameras can be sold is:
p(x) = 94.8 - 5x.
0 -< x -< 15
(the symbol -< is the "greater or equal to sign", I couldn't get it to work on my computer)
The cost of making x million cameras is:
c(x) = 156 + 19.7x
(x is in millions of

You are the new owner of Drespie Corn Products and Refineries. You are interested in your company's cost and revenue relationships as well as its future pricing strategies. Accordingly, you have developed the following relationships, which you believe to be accurate on the basis of historical data:
P = $50 - $0.005Q
TC = $

Sue and Joan are making cloth pins for a craft show. They have enough fabric to make at most 40 giraffe pins and 80 frogs. They know they will be able to sell at least 20 giraffes and 60 frogs. However, they have time to make only a total of 110 pins. If their is $4.90 for each giraffe and $1.25 for each frog, what is their maxi

Given the cost function C(q) = 4000 + 50q + 0.002q2 and the demand function p = 80 - 0.025q, find the value of q for which:
(a) Average cost is a minimum.
(b) Revenue is a maximum.
(c) Profit is a maximum.
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The total profit (in dollars) for sales of x rowing machines is given by P(x) = -0.2x^2 + 300x - 200. What is the profit if 500 are sold? For what value of x will the profit be at a maximum?

Campbell's sells used trailers, U, and new trailers, N. Its profits are given by Õ = 100N + 68U - 5N2 - 5U2 - 2NU. Campbell's maximumprofit is
a. $455.
b. $588.
c. $620.
d. $495.
e. $640.
Total profit is maximized when
a. marginal profit equals average profit.
b. marginal profit equals zero.
c. average profit eq