Determine the revenue function R

Assignment Help Other Subject
Reference no: EM13337891

The yearly sales of a certain product are x = 10 - 2p, x depends onthe price p (in dollars) that the manufacturer sets.

a) Determine the revenue function R(p).

I understand that Revenue = price * quantity, but neither isgiven. Am I to assume that sales = quantity?

Reference no: EM13337891

Questions Cloud

Consider the binomial tree model : Consider the binomial tree model. Write S(8) in terms of m,σ, τ , and (i), i = 1,...,8. Notation clarification: Consider a sequence of binomial tree modelswith time step τ = 1/N letting
How many different values does random variable : How many different values does the random variable S(20) take according to the binomial tree model where p = 0.4, S(0) = 3, u = 0.16, d = −0.09. What are these values and the corresponding probabilities? Graph the distribution of S(20). Note: Use com..
Find the standard deviation ofthisportfolios return : Suppose you have $50,000 that you would like to invest in twocompanies. Bethlehem Books and Allentown Audio. Bethlehem has arate of return of 10% and standard deviation 15%.
Relation between exchange rate and the interest rate : JenCo is planning to expand their business. The expansion willrequire new assets totaling AED 15,000,000; 70% will be the fixedassets and 40% of the total current assets will be permanent innature. JenCo is considering two alternative asset-financing..
Determine the revenue function R : The yearly sales of a certain product are x = 10 - 2p, x depends onthe price p (in dollars) that the manufacturer sets. Determine the revenue function R(p).
Still maintain the current contribution-margin ratio : What selling price per pound must Pacific Fish Company charge to cover the 15% increase in the cost of salmon and still maintain the current contribution-margin ratio?
Scores on a recent national statistics exam : Scores on a recent national statistics exam were normallydistributed with a mean of 80 and a standard deviation of 6.
Compute the standard deviation : The time it takes to hand carve a guitar neck is uniformly distributed between 110 and 190 minutes. What is the probability that a guitar neck can be carved between95 and 165 minutes?
Proportion of junior executives leaving large manufacturing : The proportion of junior executives leaving large manufacturing companies within three years is to be estimated within 3 percent. The 0.95 degree of confidence is to beused.   A study conducted several years ago revealed thatthe percent of junior exe..

Reviews

Write a Review

Other Subject Questions & Answers

  Differentiate between influences of heredity and environment

Differentiate between influences of heredity and environment on his/her psychological development. Ensure to specify which area of psychological development (moral, emotional, etc.).

  Development of islam in the united states

What events and figures have shaped the development of Islam in the United States? How are newer religions different from older ones? How are they similar?

  True regarding pluto''s moon

Which of the following is true regarding Pluto's moon?

  What is the relationship between genes cells and behavior

What is the relationship between genes, cells, and behavior

  Reciprocity found in both foraging-horticultural societies

Can you identify and explain the major forms of reciprocity found in both Foraging and Horticultural societies and provide examples regarding how they impact the level of conflict found in these societies and consider the use of reciprocity in your o..

  Emergency planning confused with emergency operations

Emergency Planning is often confused with Emergency Operations. Describe at least two differences between emergency planning and operations. Make sure to explain the goal of emergency planning and what emergency planners do that is different from oth..

  Regarding growth in mobile phone user population

Regarding the growth in mobile phone user population, which of these statements is TRUE? Answer Developing economies experience no, or insignificant, growth. Developed economies account for most of the growth. In most developing economies, (wired) la..

  Read the journal article on issues addressing acquisitions

This means article must cite references and have bibliography at end of the article. After reading article, you must create a one to two page paper discussing article and give a summary to the professor.

  The cells in the testes that produce testosterone are called

The cells in the testes that produce testosterone are called

  Characteristics of the target market consumers

What are the characteristics (e.g., age,income, education) of the target market consumers for the following products or services?

  Exit strategy use by organization-wrong in foreign country

Create the 1,050- to 1,750-word paper in which you explain one exit strategy the organization may use when things go wrong in foreign country.

  Editing includes sound effects and sound experts

Editing includes sound effects, of course. Sound experts, also known as Foley artists, work tirelessly to create common sounds we take for granted, such as a door opening, footsteps, lightning, and so forth. With this in mind, take a look at the obje..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd