Determine the value of total profit at maximum output level

Assignment Help Business Economics
Reference no: EM13986475

Given the following total profit function: π = 144X - 3X^2 - XY -2Y^2 + 120Y -35 1. Determine the level of output of each commodity at which the firm maximizes its total profit 2. Determine the value of total profit at the maximum output level

Reference no: EM13986475

Questions Cloud

Carpet cleaning van for sale : Here's your chance!  Carpet Cleaning Van for sale.   Provide REALISTIC assumptions in an NPV analysis as to whether this could be a positive NPV opportunity.  Be certain to include all relevant positive and negative cash flows in your analysis.  Woul..
Assess the company''s vulnerability to corporate financial : Assess the company's vulnerability to corporate financial distress based on methodologies discussed in Week 6 for your Module Project. In addition, you will compare the firm value that you arrived at through your prior valuation to the current market..
Find the density of the block : An block of a certain substance is floating in water with a piece of lead of density 1.13 e4 kg/m3 placed on top of it. Now the volume of the block that is submerged is 0.896 of its total volume. Find the density of the block.
Why are some companies more innovative than others : What would be an example of an innovative company? Why is this company innovative? Why are some companies more innovative than others? How should organizations be structured to foster innovation?
Determine the value of total profit at maximum output level : Given the following total profit function: π = 144X - 3X^2 - XY -2Y^2 + 120Y -35 1. Determine the level of output of each commodity at which the firm maximizes its total profit 2. Determine the value of total profit at the maximum output level
What is the speed of the cylinder when it reaches the bottom : It starts at rest and the track is 2.5m long inclined at an angle of 25 degrees. What is the speed of the cylinder when it reaches the bottom?
What are the roles of the ota and the ot : Brian is the Director of Occupational Therapy (OT) in a school system. He had been the only OT for a period of one year prior to the certified occupational therapist (COTA), Chris, being hired. What are the roles of the OTA and the OT
How much inventory does the firm have : If the firm's accounts receivable total $138,135 and its operating cycle is 71.1 days, how much inventory does the firm have?
What is the magnitude of the acceleration : A 10-kg block on a perfectly smooth horizontal table isconnected by a horizontal string to a 63-kg block that is hanging over the edge of thetable. What is the magnitude of the acceleration of the 10-kg block when the other blockis gently released..

Reviews

Write a Review

Business Economics Questions & Answers

  When the exchange rate falls by more in the short run

When the exchange rate falls by more in the short run than it does in the long run when the money supply increases, it is called.

  What is the percentage return on your investment

You bought a call option with a strike price of $35. What is your total payoff on this option contract if the underlying stock is selling for $36.70 on the option expiration date? You purchased a call option with a $22.50 strike price and a call prem..

  What requires the highest sales volume to earn a profit

What requires the highest sales volume to earn a profit. Would it be better to have fewer airline companies and more full planes.

  Explain how should this influence your decision to work

xpect that this strong preference for Japanese products will continue for the next decade. Explain how should this influence your decision to work and save in Japan.

  Profit maximizing price and quantity

How will this fee affect the profit maximizing price and quantity? How will this fee affect the monopolist's profit?

  Explain how will you consider the structure of the fresh

Explain how will you consider the structure of the fresh salmon industry to calculate the forecast. Will you advise the firm to enter the industry.

  Elucidate economic growth

Elucidate before economic growth, there were too few goods, after growth, there is too little time.

  Market with inelastic demand-elastic supply at equilibrim

Draw a graph that shows a market with inelastic demand and elastic supply at equilibrium. Then, on your graph, draw what happens when the government subsidizes buyers. Note the price received by sellers and price paid by buyers. Who receives most of ..

  Explain why does this happen familiar with fluctuating price

Everyone's Gasoline Problem. We are all familiar with fluctuating prices of gasoline at the pump. Explain why does this happen.

  What are the effects if population decreases

In the classical model if there is a decrease in capital stock, what are the effects on labor demand, real wages, and output? (Increase or decrease) What are the effects if population decreases?

  Government raises the minimum wage

Suppose that the government raises the minimum wage to $10.10. Thinking of the four Marshall's Rules of Derived Demand as they apply to a particular industry, analyze the conditions under which job loss among teenage workers in that industry would be..

  Using the supply-and-demand model

Using the supply-and-demand model, explain what would happen to the supply curve during a drought. Also explain the effect on the price of water as illustrated by the graph.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd