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d. For this part, suppose that Ouroboros has two corporate customers. The first corporations' demand as a function of Ouroboros' price is given by D₁ (p) = 10,000 - p and the second corporation's demand function is given by DB (p) = 20,000 - p. Calculate Ouroboros' maximum possible profit level.

d. For this part, suppose that Ouroboros has two corporate customers. The first corporations' demand as a function of Ouroboros' price is given by D₁ (p) = 10,000 - p and the second corporation's demand function is given by DB (p) = 20,000 - p. Calculate Ouroboros' maximum possible profit level.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please help me with question d

Ouroboros' total cost (TC) as a function of its production level q is given by the equation below: TC(q) = 2q² 12,000q +30,000,000 a. How much is the fixed cost of production for Ouroboros? b. If q=5,000, how much is the total cost for Ouroboros? c. Evaluate the marginal cost for Ouroboros when q=3,000. d. For this part, suppose that Ouroboros has two corporate customers. The first corporations' demand as a function of Ouroboros' price is given by DA (p) = 10,000-p and the second corporation's demand function is given by DB (p) = 20,000 — p. Calculate Ouroboros' maximum possible profit level.
Transcribed Image Text:Ouroboros' total cost (TC) as a function of its production level q is given by the equation below: TC(q) = 2q² 12,000q +30,000,000 a. How much is the fixed cost of production for Ouroboros? b. If q=5,000, how much is the total cost for Ouroboros? c. Evaluate the marginal cost for Ouroboros when q=3,000. d. For this part, suppose that Ouroboros has two corporate customers. The first corporations' demand as a function of Ouroboros' price is given by DA (p) = 10,000-p and the second corporation's demand function is given by DB (p) = 20,000 — p. Calculate Ouroboros' maximum possible profit level.
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