Assume that a product has a profit function as: II(p, d) = 113d – - 276785 + 2432p %3D 128 where p is price and d is demand. If the price-demand equation and variable costs are linear, and 1969 is the fixed production cost, which of the following represents the price-demand equation? O a.d = 14464 - 128p O b.d = 113 - p/128 O c.p = 14464 - 128d O d. p = 14464 - d/128 O e.d = 113 - 2432 p %3D

Assume that a product has a profit function as: II(p, d) = 113d – - 276785 + 2432p %3D 128 where p is price and d is demand. If the price-demand equation and variable costs are linear, and 1969 is the fixed production cost, which of the following represents the price-demand equation? O a.d = 14464 - 128p O b.d = 113 - p/128 O c.p = 14464 - 128d O d. p = 14464 - d/128 O e.d = 113 - 2432 p %3D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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