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

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/13/2011 for the course ACCT 101 taught by Professor Dontknow during the Spring '08 term at Central Washington University.

Page1 / 3

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

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online