Answer:
The total revenue is .
The marginal revenue is .
The fixed cost is $900.
The marginal cost function is .
Step-by-step explanation:
The Total Revenue () received from the sale of goods at price is given by
The Marginal Revenue () is the derivative of total revenue with respect to demand and is given by
From the information given we know that the price they can sell cakes is given by the function , where is the number of cakes sold per day.
So, the total revenue is
And the marginal revenue is
The Fixed Cost () is the amount of money you have to spend regardless of how many items you produce.
The Marginal Cost () function is the derivative of the cost function and is given by
We know that the total cost function of the company is given by , which it is equal to
From the total cost function and applying the definition of fixed cost, the fixed cost is $900.
And the marginal cost function is
The answer is 14.50. Hope that helped
Answer:
1)7 2/8
2) 4 1/2
3) 7 2/4
4) 4 3/5
5) 7 1/9
6) 3 2/8
I will add more answers once I add this answer.
Step-by-step explanation: 1) you divide the top number by 8 then you will get 7 with a remainder of 2. 7 is the whole number and 2 will be on top of the fraction. do the same with all other problems.
Answer:
The answer is 8 because you need to add 1 1/3 eight times to get 10 2/3
Take the fraction. Divide the top number by the bottom number. (That's what a fraction means.). Some fractions will produce a decimal that goes on and on and never ends. Some fractions produce a decimal that ends. Some examples that make repeating decimals are: 1/3, 1/7, 1/9, 1/11.