1 / 23

Understanding Marginal Revenue and Profit in Product Sales

This chapter explores the concepts of marginal revenue and marginal profit for a company's product. It provides the revenue and cost functions related to the production of a specific number of units. The marginal revenue is calculated as $89.50, indicating the additional revenue generated from producing one more unit. Additionally, the profit function is derived, revealing that producing an extra unit corresponds to a marginal profit increase of $35.14. These metrics are crucial for making informed business decisions on production and pricing strategies.

haley-reeves
Télécharger la présentation

Understanding Marginal Revenue and Profit in Product Sales

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. example 7 Marginal Revenue and Marginal Profit Chapter 1.3 A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal revenue for this product, and what does it mean? Find the profit function. What is the marginal profit for this product and what does it mean? 2009 PBLPathways

  2. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal revenue for this product, and what does it mean? The slope is 89.50

  3. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal revenue for this product, and what does it mean? The slope is 89.50

  4. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal revenue for this product, and what does it mean? The slope is 89.50

  5. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal revenue for this product, and what does it mean? The slope is 89.50

  6. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal revenue for this product, and what does it mean? The rate is 89.50

  7. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal revenue for this product, and what does it mean? The rate is 89.50

  8. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal revenue for this product, and what does it mean? 1 unit The rate is 89.50

  9. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal revenue for this product, and what does it mean? $89.50 1 unit The rate is 89.50

  10. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal revenue for this product, and what does it mean? $89.50 1 unit An increase in production of 1 unit corresponds to an increase in revenue of $89.50

  11. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. Find the profit function.

  12. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. Find the profit function.

  13. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. Find the profit function.

  14. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. Find the profit function.

  15. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. Find the profit function.

  16. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. Find the profit function.

  17. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal profit for this product and what does it mean?

  18. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal profit for this product and what does it mean?

  19. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal profit for this product and what does it mean?

  20. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal profit for this product and what does it mean?

  21. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal profit for this product and what does it mean?

  22. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal profit for this product and what does it mean?

  23. A company produces and sells a product with revenue given by dollarsand cost given by dollars where x is the number of units produced. What is the marginal profit for this product and what does it mean? An increase in production of 1 unit corresponds to an increase in profit of $35.14

More Related