" I think I know the formula for a break even analysis. I think it is Q = F / p-c, where F = fixed cost, p = price and c = variable costs. My book says so since "we set total revenue equal to total cost, we get the break-even quantity point as pQ = F + cQ (p - c)Q = F Q = F / p - c Now, to question a). I need to find the Q. But, I do not have ...
Hi, I'm new here and a little dim so please be gentle. I'm having trouble with understanding total revenue in terms of quantity. The example is below with my questions in bold. Any help would be greatly appreciated. Here's the example: Given the demand function P = 100 − 2Q express...
Do you mean that P is a number, qi and qx are quantities sold so that P (qi+ qx) is the product, P times (qi+ qx), the total revenue from selling qi and qx at price P?
Should be a fairly simple question, but I'm drawing a blank on the proper formula. Given a company X, revenues are expected to grow 5% to \$200 million by end of year 1. Building a monthly revenue schedule for the company for year 1 (months 1-12). What formula could I use to project what month...
The total revenue R in dollars is R=1029q / (336672+4q)^1/2 (c) The marginal-revenue product is defined as the rate of change of revenue with respect to the number of employees. Therefore, marginal-revenue product=dR/dm If q and R are given as above then, when m= 15, the marginal-revenue product is _________ ? dollars/ (one worker).