economics

posted by .

Assuming the inverse demand function for good Z can be written as P = 90 - 3Q, when Q is equal to 5, average revenue and marginal revenue are equal to ________ and ________.
Choose one answer.

a. $75; $75.

b. $75; $60.

c. $60; $60.

d. $85; $85.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. college algebra

    Demand Equation: The price p, in dollars, and the quantity x sold of a certain product obey the demand equation x = -5p + 100, 0 (less than or equal to) p (less than or equal to) 20 a.) Express the revenue R as a funtion of x. b.) …
  2. economics

    Can someone assist me with these two questions. Thanks A perfectly competitive firm's demand is ____________ elastic and equal to ____________ which is equal to ____________. A firm is allocating 16 hours a day on its assembly line …
  3. Microeconomics

    Monopolistic Competition A profit-maximizing firm in a monopolistically competitive maket is characterized by which of the following: A. Average revenue exceeds marginal revenue. B. Marginal revenue exceeds average revenue, C. Average …
  4. economics

    HELP!!!!! One and only Inc is a monopolist. The demand function for its product is estimated to be Q=60-0.4P +6Y+2A Y=3,000 P=Price per Unit Y=Per capita disposable personal income (thousands of dollars) A=hundreds of dollars of advertising …
  5. Business Calculus

    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 …
  6. Calculus

    The unit selling price p (in dollars) and the quantity demanded x (in pairs) of a certain brand of women’s shoes are given by the demand equation p(x) = 100e^-0.0001x f or 0 _< x _< 20,000 a. Find the revenue function,R. (Hint: …
  7. Calculus

    The unit selling price p (in dollars) and the quantity demanded x (in pairs) of a certain brand of women’s shoes are given by the demand equation P(x) = 100e^-0.001x f or 0 _< x _< 20,000. a. Find the revenue function, R. (Hint: …
  8. Calculus

    The unit selling price p (in dollars) and the quantity demanded x (in pairs) of a certain brand of women’s shoes are given by the demand equation P(x) = 100e^-0.001x f or 0 _< x _< 20,000. a. Find the revenue function, R. (Hint: …
  9. Calculus (Please check my work.)

    This is my last chance to make at least a C in my AP Calculus course, so please tell me if I got these right or wrong so that I can fix them before it's due. Also, there was one I wasn't sure how to do, so if you can help me with that, …
  10. Calculus

    The marginal revenue for x items in dollars is given by R′(x)=−4.5x+6. Determine (a) the revenue function and (b) the demand function. I know the revenue function is R(x)=6x-2.25x^2 just by finding the antiderivative. demand …

More Similar Questions