if am given a profit and demand function say, profit function p=0.3q2-0.5q-48 demand function P=50-0.25q i. how do i find output from the profit function using the quadratic formula ii. find the firm total profit when the output is produce what price should the firm charge to maximise profit

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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if am given a profit and demand function say,

profit function p=0.3q2-0.5q-48

demand function P=50-0.25q

i. how do i find output from the profit function using the quadratic formula

ii. find the firm total profit when the output is produce

what price should the firm charge to maximise profit

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