User Account

All Pages

Find the new expression for the firm profits

Assignment Help Mathematics
Reference no: EM131566775

Question: (a) If a firm sells Q tons of a product, the price P received per ton is P = 1000 - 1/3Q. The price it has to pay per ton is P = 800 + 1/5Q. In addition, it has transportation costs of 100 per ton. Express the firm's profit as a function of Q, the number of tons sold, and find the profit-maximizing quantity.

(b) Suppose the government imposes a tax on the firm's product of 10 per ton. Find the new expression for the firm's profits πˆ and the new profit-maximizing quantity.

Reference no: EM131566775

Questions Cloud

Find the future values of these ordinary annuities : Find the future values of these ordinary annuities. Compounding occurs once a year. Rework previous parts assuming that they are annuities due.
Identify two types of external organizations : Review the UMUC Family Clinic Case Study and identify two types of external organizations.
Are due process procedures suspension of a student different : Are the due process procedures for a short-term and a long-term suspension of a student same or different? Are these requirements consistent with Goss v. Lopez?
Major newspaper as journalists : Two college graduates recently joined the same major newspaper as journalists. Both work long hours and have tight deadlines for completing their stories.
Find the new expression for the firm profits : If a firm sells Q tons of a product, the price P received per ton is P = 1000 - 1/3Q. The price it has to pay per ton is P = 800 + 1/5Q.
Organize training departments : Training and Development: Identify and summarize five models used to organize training departments.
Develop and present the evaluation program : Develop and Present the Evaluation Program of a Health Care Plan that is of Global Importance. Relate to a particular genre of disease regarding
Electronic reserve readings and leadership blog template : You are the CEO of MegaGlobe Business Solutions, a financial consulting corporation based in Chicago that has just recently opened new offices in São Paulo
Find the production level that maximizes profits : A firm produces a commodity and receives $100 for each unit sold. The cost of producing and selling x units is 20x+0.25x2 dollars.

Reviews

Write a Review

Mathematics Questions & Answers

  Questions on ferris wheel

Prepare a Flexible Budget Gator Divers is a company that provides diving services such as underwater ship repairs to clients in the Tampa Bay area.

  Logistic map

This assignment has two question related to maths. Questions are related to bifurcation cascade and logistic map.

  Finding the probability of cards

This assignment has questions related to probabiltiy.

  Systems of ode

Find all the xed points, and study their stability and Draw the phase portrait of the system, as well as the graphs of the solutions in all relevant cases.

  Derive the boolean expression

Derive the Boolean Expression and construct the switching circuit for the truth table stated

  System of equations

Evaluate which equations are under-identified, just-identified, and over-identified.

  Linear programming problem

Linear programming problem consisting of only two constraints with one objective function.

  Find the natural domain

Find the natural domain of the given functions.

  Introduction to numerical methods

Compute the coecients of the polynomials using the term recurrence relation.

  Chart of the topological manifold

De?nition of smoothness of functions on a smooth manifold is chart independent and hence geometric.

  Mathematics in computing

Questions related on mathematics in computing.

  Complex problems

Complex problems

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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