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# Workheet_1 - Bus 14B Worksheet#1 See assignment sheet for...

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Bus 14B – Worksheet #1 See assignment sheet for due date. Name: Show all work on answer sheet that is attached. Please send as an attachment or deliver to R308d (leave under door) by midnight on designated day . Refer to your handouts! If you have questions, use the optional discussion area to post questions and respond to your classmates. 1. Given the demand function: D(x) = -5x+600 (p = -5x+600). a) Graph and label D(x). b) Obtain the revenue function from this demand function. (R(x) = ____________) c) Find the quantity and price to maximize revenue. Refer to handout 5. S(x) = .01x 2 + .1x + 3 D(x) = -.01x 2 - .2x + 8 Find the equilibrium quantity and price. Graph and label both functions. (Use one axis.) 2) Given: C(x) = 200x + 1500. a) Use this cost function and the revenue function from #1 to find the breakeven x values. b) Give the profit function. (P(x) = ____________ c) Graph and label the cost, revenue and profit. (CRP). d) Find the quantity to maximize profit. Refer to handouts 9, 10, 6.

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Workheet_1 - Bus 14B Worksheet#1 See assignment sheet for...

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