Saturday
April 19, 2014

Homework Help: Intermediate Macro Economics

Posted by Stacie on Wednesday, January 30, 2013 at 9:57pm.

To complete the analysis, Chuck wants to know more about the revenue that he can generate from his farm.
The price of corn, p(y), depends on how much Chuck produces. The price function is speci ed as
p(y) = 3 0:05y

c. The revenue that Chuck can generate depends on both the price and the quantity of corn produced.
Thus, the revenue function R(y) is
R(y) = p(y)*y = 3y-0.05ysquared

Draw a graph to show the relationship between the revenue and the quantity of corn produced, with
R(y) on the y-axis and y on the x-axis. Label your graph.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

fun - how much wood could a wood chuck chuck if a wood chuck could chuck wood...
economics - charts for micro economics and macro economics
1st grade - How much wood could a wood chuck chuck if a wood chuck could chuck ...
Algebra - Chuck and Dana agree to meet in Chicago for the weekend. Chuck travels...
economics - I have an article for economics and it discusses how the housing ...
algebra - Chuck and Dana agree to meet in Chicago for the weekend. Chuck travels...
Algebra - Chuck and Dana agree to meet in Chicago for the weekend. Chuck travels...
Algebra - Chuck and Dana agree to meet in Chicago for the weekend. Chuck travels...
Algebra - Chuck and Dana agree to meet in Chicago for the weekend. Chuck travels...
Macro Economics - Diagram and explain the concept of a function.

Search
Members