User Account

All Pages

What is the output that maximizes profit

Assignment Help Basic Computer Science
Reference no: EM132113382

A firm faces an inverse demand of P(Q) = 30-Q and Total Cost Function of TC(Q) = 1/2Q2+ 6Q+7 where P is the price, Q is quantity, and TC is total cost.

What is the output that maximizes profit (based on above)?

Reference no: EM132113382

Questions Cloud

Describe the project scope and provide a brief cost : ISY2001 – Provide a description of the business case and justification about the business benefits from implementing this system.
Explain the effect of each of the given events : Think about the demand for the three game consoles: Xbox One, PlayStation 4, and Wii U. Explain the effect of each of the following events on the demand.
How a rise in the price of sawdust influences supply of logs : When a timber mill makes logs from trees it also produces sawdust, which is used to make plywood. Explain how a rise in the price of sawdust influences.
What is the maximum output : A firm's short-run production function is 6L2 - 0.2L3 where Q is output and L is labor force. Find the size of the labor force that maximizes this firm's output
What is the output that maximizes profit : What is the output that maximizes profit (based on above)?
Will the new method change the supply of maple syrup : New Maple Syrup Sap Method With the new way to tap maple trees, farmers could produce 10 times as much maple syrup per acre. Source: cbc.ca, February 5, 2014.
Numerator in the modulus function in programming : How does it work if the denominator is greater than the numerator in the modulus function in programming?
Describe the changes in demand and supply : Strawberry Prices Drop as Late Harvest Hits Market Shoppers bought strawberries in March for $1.25 a pound rather than the $3.49 a pound they paid last year.
Explain graphically the events described in the news clip : "Popcorn Movie" Experience Gets Pricier Cinemas are raising the price of popcorn. Demand for field corn, which is used for animal feed, corn syrup, and ethanol.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Explain how dynamic allocation of memory works

Describe the process of creating a dynamically allocated object. Specifically, discuss the roles of a pointer variable and the new operator in creating a dynamically allocated object.

  Provide an explanation of hash tables

Provide an explanation of hash tables, including a description of a realistic scenario that could be solved with the application of a hash table.

  Write a program that prints hundred asterisks

(Detecting Multiples of 10) Write a program that prints 100 asterisks, one at a time. After every tenth asterisk, your program should print a newline character.

  Role challenge administrators play

Question: Describe the role challenge administrators play in the OSHA challenge voluntary cooperative program. Your response should be 200 words or more

  Problem regarding the binary calculations

Do the following binary calculations.

  Records indicate that he makes a sale

1) John Doe is the top salesman for his company. Records indicate that he makes a sale on 70% of his sales calls. If he calls on four potential clients, what is the probability that he makes exactly 3 sales? What is the probability that he makes ..

  Use postings intersection procedure to find list of document

Assume we want to use postings intersection procedure to find simply the list of documents which satisfy a /k clause, rather than returning list of positions.

  Brand name and private label tires

American Tire and Rubber Company sells identical radial tires under the firm's own brand name and private label tires to discount stores.

  String of its spoken equivalent

Let n be a five digit number, such as 12345. When we say this number out loud, we might say it as 'one two three four five'.

  Possibilities in a simple economic system

Kindly help me with this assignment. What are the assumptions necessary to represent the production Possibilities in a simple economic system?

  Draw use case diagram of a person visiting post office

Draw use case diagram of a person visiting post office. What action a person can perform in post office. First draw on paper and then using ArgoUML.

  Development of applications in a clustered environment

What advantage does the aggregate data model offer for development of applications in a clustered environment? How does aggregate orientation (i.e., the aggregate data model compare to the relational model? How do NoSQL databases differ from the rela..

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