Maximization of Total Revenue and Profit

Define total, average and marginal revenue.

The demand function is $x=60-3p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=60-2p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=30-2p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=50-2p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=60-3p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=60-2p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=30-2p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=50-2p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=60-3p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=60-2p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=30-2p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=50-2p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

State relationship between total, average and marginal revenue.

The demand function is $x=45-5p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

State relationship between total, average and marginal revenue.

The demand function is $x=45-5p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

Define total, average and marginal revenue.

The demand function is $x=45-5p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

The cost function for a product is $C\left(x\right)=\frac{x^2}{2}+2x+5$ and the price is $p=25$. What is the maximum profit?

The demand function is $x=50-2p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

The demand function is $x=45-5p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.

For a monopolist's product, the demand function is $p=\frac{400}{\sqrt{x}}$ and average cost function $AC=0.5+\frac{1000}{x}$. Find the value of $x$ at which profit is maximising.

The demand function is $x=45-5p$, where $x$ is the number of units demanded and $p$ is the price per unit. Find the price for which the revenue is maximum.