Question No.6 curve.5. Explain, how firms in oligopoly market enjoy the monopoly power using cartel_6. Given TR = 45Q - 0.5 Q2, TC = Q³-8Q² + 57Q + 2, find out the level ofoutput at which firm maximise the profit.

Answered: Image /qna-images/answer/70c21878-3704-4b36-946b-e7e7b2a3a0cb.jpg

Answered: . Given TR = 45Q -0.5 Q², TC = Q³-8Q² +…

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter9: Functions

Section9.CR: Review Problem Set

Problem 37CR: A garden has 60 yards of fencing and wants to enclose a rectangular garden that requires fencing...

See similar textbooks

Similar questions

A garden has 60 yards of fencing and wants to enclose a rectangular garden that requires fencing only on three sides. Find the length and width of the plot that will maximize the area.
Suppose that a package courier service promises to deliver to customers at 10:00 am on the morning after pickup. More than 1 hours from the promised delivery time is unacceptable to customers. Due to compensation that the company gives customers for not meeting the promised delivery target, the penalty is $19. How much variation should be allowed in the delivery service? Given : Op Cost = 19 -2.9D and Total Cost = 19 - 2.9D + 19D^2
Q1) A retail. Store stocks two types of shirts A and B. These are packed in attractive cardboard boxes. During a week the store can sell a maximum of 400 shirts of type A and a maximum of 300 shirts of type B. The storage capacity, however, is limited to a maximum of 600 of both types combined. Type A shirt fetches a profit of SR 2/- per unit and type B a profit of SR. 5/- per unit. (a) Formulate a mathematical model of the problem.
Please *recheck and provide *clear and complete step-by-step solutions in *scanned handwriting or computerized output. Thank you.
Suppose that a package courier service promises to deliver to customers at 10:00 am on the morning after pickup. More than 2 hours from the promised delivery time is unacceptable to customers. Due to compensation that the company gives customers for not meeting the promised delivery target, the penalty is $13. How much variation should be allowed in the delivery service? Given : Op Cost = 21 -1.7D and Total Cost = 21 - 1.7D + 3.25D^2 Solve in details
The quantity demanded x ( in units of a hundred) of the Mikado mini cam co per week is related to the unit price p ( in dollars) by p = -0.2x^2 + 200 and the quantity x ( in units of a hundred) that the supplier is willing to make available in the market is related to the unit price p( in dollars) by p=0.1x^2 +7x + 100 if the market price is set at the equilibrium price, find the consumers surplus and producers surplus (Round your answers to the nearest dollar)
1. Benefit Cost analysis.Assume a benefit function B = 60*x^.8 and a cost function C = 4 + 7*x^1.5. The maximum difference between B and C are the net benefits. a) Find the value of x that results in the maximum net benefits. b) Would an increase in the fixed cost of 4 affect the value of x? c) Use a Lagrangian model to find the value of the shadow price, or Lagrangian multiplier, if x cannot exceed 5. What does the multiplier signify?
A company making Espresso machines has a demand price that can be modeled by p=500-0.5q^2 and the total cost modeled by C=50q+40, where q is the number of Espresso machines sold. What quantity will maximize the profit? What is the maximum profit?
Suppose you sell Peppermint Bark and Biscochitos, each by the pound. Your profit function is given by P= 12x+6y-.002x^2-.01y^2 . Now, say you want to see what would happen if, at your current level of sales (25 lls of peppermint bark and 30 lbs of biscochitos) you added one more pound of peppermint bark. In other words, find the rate of change of sales with respect to peppermint bark when 25 lbs of bark and 30 lbs of biscochitos are sold. Now tell me what that means in the real world using complete sentences.
This is my math homework, and I was able to answer the first question but I'm stuck, and my group members are no help either. My homework is due at 5 please help me!
House price y is estimated as a function of the square footage of a house x and a dummy variable d that equals 1 if the house has ocean views. The estimated house price, measured in $1,000s, is given by yˆy^ = 119.60 + 0.14x + 54.80d. b-1 Compute the predicted price (in $1,000s) of a house without ocean views and square footage of 1,600. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) predicted price= b-2. Compute the predicted price (in $1,000s) of a house without ocean views and square footage of 3,200. predicted price=
Select the graph of the equation X^2 + (y+ 2)^2= 4

SEE MORE QUESTIONS

Recommended textbooks for you

Intermediate Algebra

Algebra

ISBN:

9781285195728

Author:

Jerome E. Kaufmann, Karen L. Schwitters

Publisher:

Cengage Learning

Intermediate Algebra

Algebra

ISBN:

9781285195728

Author:

Jerome E. Kaufmann, Karen L. Schwitters

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

. Given TR = 45Q -0.5 Q², TC = Q³-8Q² + 57Q + 2, find out the level of : output at which firm maximise the profit.