Test time Jow Forums, how much do you know about business?

Pic related. If you can't solve this, then you shouldn't be investing in crypto.

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do your homework on your own

I wrote this problem myself, for you.

420?

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Admittedly im a huge brainlet. What is this called OP? What field of study is this?

You would encounter this kind of problem in an Applied Calculus I course, which is essentially Calculus sans Trigonometry. Business majors are required to take this instead of normal Calculus.

You really don't need calculus to solve this, though. You can solve it using high school algebra.

Time to learn high school algebra I guess

R(x)=P*x
8400 units to max revenue
i don't want to do the math for 3 but basically subtract 35 from 420 to account for the additional cost
How incorrect is this? im in my second to last semester of a business degree. fuck me

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this is microeconomics 1

i think you are wrong

1. Revenue function
R(x) + x(P(x)) = 420-(1/20))x

2. To maximize take the derivative
R'(x) = 420-0.1x
=> x=4200

The higher the demand the lower the price?
Is it because I can like have a better production or something? Im a big brainlet but if I increase the demand x the price will get lower to be 0 at some point or negative.

This is literally freshman/high school level microeconomics. If you can’t solve this in

Honestly who cares I’m a millionaire and I don’t know how to count barley

I don’t want to solve your homework, but R=420x-(1/20)x^2
To maximize R just set the derivative equal to 0 and solve. The second questions are just setting profit equal to zero, setting marginal revenue equal to 0 and calculating revenue for x.

fug
R(x)=x(P(x)) =420x-(1/20)x

aaaa
R(x)=x(P(x)) =420x-(1/20)x^2

The answer is “insufficent information” brainlets.

Oops thought question 1 and 2 were part of the same question.
Yep

No it’s not kek.

kek

haven't seen this stuff since 2006 and want to see if I can solve it just using basic analysis

3.
a)
R(P(x)) = C(x)
420x-(1/20)x^2 = 600005+35x
=>x=2170

b)
To maximize revenue set marginal revenue=marginal cost
R'(x)=C'(x)
420-0.1x=35
=>x=3850

c)
plug into R(P(x))-C(x)
you can do this, right?

am I right (excluding possible typos)?

b) is wrong. Hint: you maximized profit, not revenue. You want to find the maximum of the revenue curve.

LMAO are you really asking for the biz for help with homework?? im dead bruh shit got me cracking up

This is like year 8 math lmao. As if anyone couldn't do this.

Ever heard of finance moron

I'm stoned out of my mind rn and I was able to solve this shit thanks to my handy dandy ti84