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Q: Given the price of a pizza p , and the number of pizzas sold q. We know that…

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Wize University Calculus 1 Textbook > Applications of Differentiation for Business & Econ

Marginal Concepts In Economics

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Q:\bf{Q:} Given the price of a pizza pp , and the number of pizzas sold qq. We know that q=f(p)q=f(p). Given f(10)=16f(10)=16 and f′(10)=5f'(10)=5. If the revenue as a function of price is denoted by R(p)R(p), what is R′(10) ?R'(10)\ ?


More Marginal Concepts In Economics Questions:
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If the price of pizza is p, and the number of pizzas sold is q the pizza shop will observe the following relation 4p2+q2=324p^2+q^2 = 32. What price should the pizzas be sold at in order to maximize revenue (r), r = pq.
Law of Demand
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Law of Demand
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Law of Demand
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Marginal Concepts in Economics
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Marginal Concepts in Economics
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Q:\bf{Q:} A small manufacturer wholesales leather jackets to a number of specialty stores. The monthly demand from these stores for the jackets is described by the demand equation
p=400−80qp=400-80q
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Q:\bf{Q:} A music DVD company sells a DVD for $40. Let qq be the number of items. They sell 36000 units for this price per year. Marketing studies show that for each dollar increase they sell 600 fewer DVDs. The DVDs cost $15 each to make with a fixed cost of $100,000 for the company.
(a) Find price-demand relationship.
(b) Find the profit function.