Posted by **Adriana** on Friday, March 25, 2011 at 9:15pm.

A company has operating costs of $2000 per thousand items produced. Its revenue function can be modeled by the equation: R(x)=30x/(x+2)² , where x is measured in thousands of items produced, and C and R are measured in thousands of dollars (so C(x)=2).

1. Determine the price-demand equation, solved for price.

2. Determine the profit function, P(x)

3. For what range of items does this company earn money?

4. How many items should the company plan to produce in order to maximize profit?

5. Determine the marginal cost function, marginal revenue function, and marginal profit function.

6. Determine the average cost function, average revenue function, and average profit function.

7. Determine functions for marginal average cost, marginal average revenue, and marginal average profit.

## Answer This Question

## Related Questions

- math - the cost per hour of running an assembly line in a manufacturing plant is...
- math - Hello! I came across the following two problems that appear easy but I ...
- Math - The revenue for a business is modeled by the function R(x)=-2.8(x-10)^2+...
- Business calc - A total revenue function is given by R(x) = 1000(x^2 - 0.1x)^1/2...
- MATH - 1.)Sales (in millions) of a company are modeled by the expression for x ...
- MATH - The cost to manufacture a product is proportional to the quantity ...
- Math - The profit(p)in dollars for a company is modeled by the function P(x) =-...
- math - the profit (p), in dollars, for a company is modeled by the function p(x...
- Survey of Calculus - A total revenue function is given by R(x) = 1000(x^2 - 0.1x...
- Calculus - If the derivative can be thought of as a marginal revenue function ...

More Related Questions