Asked by sonia
My professor asked to take the derivative of profit for fun so I just wanted to check if my answer was right.
profit=PQ(p,a)-c(q(a))-a
dΠ/dQ = -2bQ + (a-c) ≡ 0.
Thus, -2bQ = -(a-c) and Q = (a-c)/2b.
profit=PQ(p,a)-c(q(a))-a
dΠ/dQ = -2bQ + (a-c) ≡ 0.
Thus, -2bQ = -(a-c) and Q = (a-c)/2b.
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