Thursday
December 18, 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

economics - 2. Suppose that the quantity of corn supplied depends on the price ...
economics - When the price of corn dogs is $1.00, 5,000 corn dogs are demanded. ...
math - His farn yields 5,000 ears of corn per season. Each year he plans to ...
Economics - . A bumper crop of farm products causes: A. only a slight decline in...
fun - how much wood could a wood chuck chuck if a wood chuck could chuck wood...
Managerial Econ - given the demand function Q=9-.5P how can you figure out the ...
microeconomics - The Consumer Price Index (CPI) for the year 2012 is 2.412 and ...
ECONOMICS - The following relations describe the supply and demand for posters. ...
math - q = 350 − 5p (a) Enter the equation for revenue R as a function of ...
Michael - Which one of the following would increase income inequality as ...

Search
Members