Given a firms revenue and cost functions

Assignment Help Business Economics

Reference no: EM131001123

Given a firm’s revenue and cost functions:

R(Q) = -0.0016Q2 + 44Q and C(Q) = 0.0004Q2 + 8Q + 64,000

Construct a profit function, determine the level of Q that maximizes profits, and prove that it is a maximum by invoking the second-derivative test

Reference no: EM131001123

Questions Cloud

Government to proclaim eminent domain to assume control : Discuss the process that must occur in order for government to proclaim eminent domain to assume control over the private property of citizens. How does eminent domain differ from the concept of government zoning? How does eminent domain differ from ..

Create tri-fold pamphlet about the impact of climate change : Create a Tri-Fold Pamphlet about the impact of climate change on biomes using the Pamphet Guide as a Word template or example

Research paper proposal : Create a proposal for the Final Research Paper which is due in Week Six. This proposal will help you develop a comprehensive guideline for your Research Paper. The framework for the paper should include the following: A clear thesis statement. An ann..

How does invasive ventilation benefit septic patients : Discuss the following terms qSOFA, (quick SOFA)and SOFA: Sequential [Sepsis-related] Organ Failure Assessment. Identify the causative organisms commonly associated with sepsis?What could be the leading organism for Jessica, were it is situated in he..

Given a firms revenue and cost functions : Given a firm’s revenue and cost functions: Construct a profit function, determine the level of Q that maximizes profits, and prove that it is a maximum by invoking the second-derivative test

Discuss ethanol as a transportation fuel : In 2-3 pages, using APA-style formatting, discuss ethanol as a transportation fuel. Identify at least three advantages and three disadvantages of its use

Find initial premium for a three-year endowment insurance : Find the initial premium for A 3-year endowment insurance on (60) provides for death benefits payable at the end of the year of death.

Consider a two-period economy with a single commodity : Consider a two-period economy with a single commodity (say leisure): x_1 is the consumption of leisure in period 1, and x_2 is the consumption of leisure in period 2. When Peter evaluates consumption streams, he cares only about the best time in his ..

Concept into traditional business concern over profitability : In reference to the articles, discuss how firms incorporate the triple bottom line concept into traditional business concerns over profitability. Comment on how customers can influence firms to pay more attention to the preservation of the natural en..

User Account

All Pages