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You are provided with a pair of demand and cost functions.             P = 20,000 –...

Question

You are provided with a pair of demand and cost functions.             P = 20,000 –...

You are provided with a pair of demand and cost functions.

            P = 20,000 – 15 Q                   TC = 400,000 + 4640 Q + 5 Q2

            Use the above functions and derive the maximum profits for the firm:

Optimal Q =

Optimal P =

Optimal TR =

Optimal profits =

Answers

PE 100 00-15Q TC= 400,0014 4640 a +5Q2 Pn.cl ㅏ = 20000a-1502-40.0 d O0-46Hoa-Sa 135 8640 1636381 29 w Pニ20,000-15x384 14, 240


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