Asked by jara
Given demand curve of the monopolist :Q=30-0.3P,& given the cost function C=2Q2+20Q+10,
a)find the profit maximizing level of output &price
b)determine the max possible profit.
c)check for the 2nd order condition.
a)find the profit maximizing level of output &price
b)determine the max possible profit.
c)check for the 2nd order condition.
Answers
Answered by
menge
Q=30-0.3P and
, first let find the price and Q( OUTPUT)
Q=30-0.3P, SO 30-0.3P=0
30=0.3P AND DIVIDE 30/.3P
AND P=100
AND ADD THE 100 ON PRICE
Q=30-0.3(100)= Q=0
FINALLY ,, LET FIND C? C=2Q
2+20Q+10,AND ADD Q VALUE ON C given function means, C=2(0)2+20(0)+10,=c=10
finally find the profit,, £=TR-C
TR=p*q...
100*0= 0 so, c=10,, 0-10
-10so interval or /-10/= 10
and find the 2nd order condition
means dy=f'(x).dx
d2y=f''(x).dx2
so
, first let find the price and Q( OUTPUT)
Q=30-0.3P, SO 30-0.3P=0
30=0.3P AND DIVIDE 30/.3P
AND P=100
AND ADD THE 100 ON PRICE
Q=30-0.3(100)= Q=0
FINALLY ,, LET FIND C? C=2Q
2+20Q+10,AND ADD Q VALUE ON C given function means, C=2(0)2+20(0)+10,=c=10
finally find the profit,, £=TR-C
TR=p*q...
100*0= 0 so, c=10,, 0-10
-10so interval or /-10/= 10
and find the 2nd order condition
means dy=f'(x).dx
d2y=f''(x).dx2
so
Answered by
Abe Dan
accountant
Answered by
yohanes abate
What is the value of 2nd order condition means?
Answered by
[email protected]
2nd order conditin
Answered by
jony
it is good and easily problem solver
Answered by
Teshome Nigusie
Good
Answered by
Asmare
20
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