| Economics |
| | Graphing |
| 1 | X^2 / (X^2-1) |
| | Graph the quadratic function on a scatter plot. Insert a trendline line. |
| | Analysis |
| 2 | The price P and quantity X sold obey the following demand function. |
| | P= - 1/4X+100 |
| | A. Find the Total Revenue equation. |
| | B. Find the Marginal Revenue equation. |
| | C. What is Total Revenue if 20 units are produced? |
| | Maximize Total Revenue |
| 3 | If TR = -0.5P^2+1900P |
| | Maximize Total Revenue using SOLVER. |
| 4 | The Cost and demand equations for a certain product follow: |
| | Total Cost = 50X+40000 |
| | P=100-0.01X |
| | A. Find the Total Revenue function. |
| | B. The Marginal Revenue function. |
| | C. Marginal Cost. |
| | D. Breakeven point(s). |
| 5 | Using the following Total Cost function: |
| | TC = 400+0.02Q+.0001Q^2 |
| | A. Find the Average Total Cost for producing 100 units. |
| | B. Find the Fixed Cost of producing 100 units. |
| | C. Find the Variable Cost of producing 100 units. |
| | D. Graph the Total Cost function. |
| 6 | Maximize Profit |
| | Profit = 150+120X-3X^2 |
| | where X is the number of dollars, in thousands, spent on advertising. |
| | How much should be spent on advertising to maximize profit? |
| | Use SOLVER. |
abdussamet akca
MATHMatrixREVIEW2020.xlsx
