Asked by value
P=50-Q/10 ,total Cost Ofspring Water Are Given By. C(Q)=0.05Q2+2000. find output level(Q)of profit maximization.
Answers
Answered by
Steve
I assume P(Q) is the price. So, the revenue
R(Q) = Q*P(Q)
profit is thus
R(Q)-C(Q) = Q(50-Q/10)-(0.05Q^2+2000)
= -0.15Q^2 + 50Q - 2000
now just find the vertex of the parabola.
R(Q) = Q*P(Q)
profit is thus
R(Q)-C(Q) = Q(50-Q/10)-(0.05Q^2+2000)
= -0.15Q^2 + 50Q - 2000
now just find the vertex of the parabola.
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