advanced functions

posted by .

The revenue and cost functions for the housing developer are:
C(n) = 8 + 0.065n
R(n) = 1.6 √n

Suppose that the developer found a way to reduce her variable cost to $58 000 per house. How would this affect:
i) the minimum and maximum number of houses she could build?
ii) her maximum potential profit?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Maths

    Demand function P=50-Q Average Cost 5Q + 40 +10/Q Calculate the firm's total cost function Find the marginal cost function and evaluate it at Q=2 and Q=3 What is the total revenue function Find the firms's revenue maximising output …
  2. Marketing

    Explain why fixed and variable costs per unit decline as sales volume increases. Suppose a company had a variable cost/unit of $20 at a cumulative volume of 20,000 units. What would be their approximate variable cost per unit when …
  3. math

    The revenue and cost functions for the housing developer are: C(n) = 8 + 0.065n R(n) = 1.6 √n Suppose that the developer found a way to reduce her variable cost to $58 000 per house. How would this affect: i) the minimum and …
  4. math

    a developer plans to build a house around a 100ft 10,000 sq ft lake. people want to buy 100ft. how many lots can developer build
  5. Early Childhood

    A preschooler with a vocabulary of about 4,000 words would be considered: a)a slow developer. b)advanced. c) very advanced. d) moderately delayed.
  6. M a t h

    A small plant manufactures riding lawn mowers. The plant has fixed cost (leases, insurance, etc.) of $48,000 per day and variable cost (labor, materials, etc.) of $1,400 per unit produced. The mowers are sold for $1,800 each. So the …
  7. Early Childhood

    A preschooler with a vocabulary of about 4,000 words would be considered: A. a slow developer. B. advanced. C. very advanced.
  8. Business

    A firm currently uses 50,000 workers to produce 120,000 units of output per day. The daily wage per worker is $100, and the price of the firm's output is $48. The cost of other variable inputs is $400,000 per day. (Note: Assume that …
  9. Microeconomics

    A firm currently uses 40,000 workers to produce 180,000 units per day. The daily wage per worker is $100, and the price of the firm’s output is $28. The cost other variable input is $500,000 per day. (Note assume that output is constant …
  10. economics

    A firm currently uses 40,000 workers to produce 180,000 units of output per day. The daily wage per worker is $100, and the price of the firm's output is $28. The cost of other variable inputs is $500,000 per day. (Note: Assume that …

More Similar Questions