A magazine has [x],000 subscribers paying $10 per year per subscription. The manager surveys the subscribers and believes it will sell 100 fewer subscriptions for every $2 increase in the subscription price. What is the optimal subscription price to charge if the firm’s goal is to maximize its revenues? Enter your answer as a whole dollar amount (without a dollar sign).
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Assume a firm purchases equipment for $325,000 and its usefu…
Assume a firm purchases equipment for $325,000 and its useful life is expected to be 4 years, with no salvage value. The firm depreciates the equipment using a “straight-line” basis. Construct a linear equation (V=f(t)) for solving for the book value (V) given the amount of time that has passed (t).
Assume a firm purchases equipment for $150,000 and its usefu…
Assume a firm purchases equipment for $150,000 and its useful life is expected to be 12 years, with no salvage value. The firm depreciates the equipment using a “straight-line” basis. Construct a linear equation (V=f(t)) for solving for the book value (V) given the amount of time that has passed (t).
Sandman’s Bay Shrimp Co. has the following monthly Cost func…
Sandman’s Bay Shrimp Co. has the following monthly Cost function: C = f(q) = [x] + [y]q, where q is pounds of shrimp. What is the company’s variable cost of producing each pound of shrimp?
Donovan’s Bay Shrimp Co. has the following monthly Cost func…
Donovan’s Bay Shrimp Co. has the following monthly Cost function: C = f(q) = [x] + [y]q, where q is pounds of shrimp. What is the company’s fixed cost of operations per month?
Using the demand function below (where p = price and q = qua…
Using the demand function below (where p = price and q = quantity), first determine the total revenue function so that you can find the marginal revenue (MR) function.
Given the function: f (x, z) = x3z + [x]x + [y]z – 100, eval…
Given the function: f (x, z) = x3z + [x]x + [y]z – 100, evaluate the partial derivative of f with respect to x
Assume a firm purchases equipment for $750,000 and its usefu…
Assume a firm purchases equipment for $750,000 and its useful life is expected to be 25 years, with no salvage value. If the firm depreciates the equipment using a “straight-line” basis, which expression represents the book value (V) of the equipment as a function of time (t)?
What is the derivative of the function below with respect to…
What is the derivative of the function below with respect to x?
Find the relative growth rate of profits at t = 64, given th…
Find the relative growth rate of profits at t = 64, given the following profit function: