Find the marginal revenue expression of Q1 when the demand function is the following: а) Р%3D 50 — 5Q1 b) P = /100 – 2Q1 с) Р%3 125— 5Q, — Q2 — 0.05Y -

Q: What is the elasticity of substitution for the production function f(K, L) = K¹/4 [³/4? (a) o = (b)…

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Q: The marginal profit for a certain company is MP₁(x)= x² + 18x-45. The company expects the daily…

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Q: The answer in the textbook says when x>5 how do you get that ?

A:

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A: Solution-  To solve this problem, we need to use the Leontief Input-Output Model, where the…

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Q: None

A: Detailed explanation:To solve this problem, we'll use the Leontief input-output model, which is a…

Q: (c) The demand function for a good is given as Q = 25-2P Fixed costs associated with producing that…

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A: “Since you have posted multiple questions, we will provide the solution only to the first question…

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Q: Find the marginal profit function if cost and revenue are given by C(x) = 190 + 0.6x and R(x) = 7x -…

A: Answer to the question is as follows:

Q: Total cost function is given as:- 3Q4 -5Q3 + 2Q2 + 16Q Calculate the marginal cost function

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A: Marginal cost measures the change in total cost with an additional unit of production.