I get 10/36
Maximize where Marginal cost = Marginal revenue. MC is the first derivitive of TC. Same same for MR. So MR = 300 - Q MC = 60 + 2Q Set MC=MR and solve for Q. Plug this Q back into TC and TR to calculate profit. AC = TC/Q = 5000/Q + 60 +Q For a minimum, take the derivitive of th...
First, I like to rewrite the demand function as P=f(Q). So, P= 4 - Q/200. Total Revenue is P*Q = 4Q -(Q^2)/200 MR is the first derivitive of TR. So, MR = 4 - Q/100 MC for Firm A is given as $2, MC for firm B is given as $4. Calculate the optimal Q for firms and B, by setting M...
Think of some major items that affect the demand for housing and some factors that affect the supply of housing. Affecting demand include: - quality of schools, - Income levels, - Population levels, - proximity to labor centers, - transportation infrastructure, - quality of pu...
100 and 100
Assuming you can have one and only one type of cheeze (i.e., no provolone and swiss sandwiches allowed), and assuming you cannot get extra toppings (e.g, no sandwich with extra mayo allowed).... There are 8 type of cheese and 5 toppings. With each topping, there are 2 possible...
correct. 500*(1+r)^10 = 1079.46 -- solve for r.
1) While the marginal cost of adding a passenger may be small, a typical flight typically has huge fixed costs. 2) it may be that flights from Detroit have huge profit margins -- such that an airline is willing to take a loss on getting people to Detroit, knowing that it will ...
To: Economyst - Can you please help me?
First, (And I hope this clears up confusion rather than add to it), I like to re-arrange the equation such that P is a function of Q. (When you graph a demand function, you always put P on the y-axis, Q on the x-axis). Re-arranging terms in your demand function. P=500-Qd. Tota...