Asked by Dan
A firm with monoply power has the demand curve:
P = 100 - 3Q + 4A^1/2
And has the total cost function:
C = 4Q^2 + 10Q + A
where A is the level of advertising expenditures. P is price, Q is output.
How do I find the values of A, Q, and P that maximize the firm's profit?
P = 100 - 3Q + 4A^1/2
And has the total cost function:
C = 4Q^2 + 10Q + A
where A is the level of advertising expenditures. P is price, Q is output.
How do I find the values of A, Q, and P that maximize the firm's profit?
Answers
Answered by
Abel
I need the solution if this economics qaustion
A firm with monoply power has the demand curve:
P = 100 - 3Q + 4A^1/2
And has the total cost function:
C = 4Q^2 + 10Q + A
where A is the level of advertising expenditures. P is price, Q is output.
How do I find the values of A, Q, and P that maximize the firm's profit?
A firm with monoply power has the demand curve:
P = 100 - 3Q + 4A^1/2
And has the total cost function:
C = 4Q^2 + 10Q + A
where A is the level of advertising expenditures. P is price, Q is output.
How do I find the values of A, Q, and P that maximize the firm's profit?
Answered by
melkamu
give answer
Answered by
Pascal
A = 4 Advertisement
Q = 7 units
P = 87 units
Q = 7 units
P = 87 units
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