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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 Spring '08
 DONTKNOW
 Supply And Demand, revenue function, Dema nd

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