Optimisation of one-variate function 2. The company's profit function is n= 140Q 202-70 2.1 What is the fixed cost? 2.2 At what output, Q, the profit function has its turning point (show first derivative of the profit function and apply FOC)? Show the calculations. 2.3 Find the second derivative of the profit function.

Optimisation of one-variate function 2. The company's profit function is n= 140Q 202-70 2.1 What is the fixed cost? 2.2 At what output, Q, the profit function has its turning point (show first derivative of the profit function and apply FOC)? Show the calculations. 2.3 Find the second derivative of the profit function.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

A coffee merchant sells a customer 3 lb of Hawaiian Kona at $6.50 per pound and 5 lb of Colombian Bean at $5.75 per pound. The merchant's scale is accurate to within ±0.03lb and assume each coffee amount was weighed separately. By how much could the customer have been overcharged or undercharged because of possible inaccuracy in the scale?
Find net profit if total revenue is $1000 and total cost is 30% of Total revenue
Find total revenue generated by firm if profit is $550 and the total cost is $300
Hi, thanks for your solution :) I am wondering how does this come? (please see the attached image) Appreciate your help in advance!
DEPENDENT VARIABLE Qc R- SQUARE P- VALUE ON F 64 0.8093 0.0001 INDEPENDENTVARIABLE PARAMETER ESTIMATE STANDARD ERROR T-RATIO P-VALUE INTERCEPT 8.20 4.01 2.04 0.0461 PC -3.54 1.64 -2.16 0.0357 M 0.64287 0.19 3.38 0.0014 PA 0.7854 0.38 2.07 0.0439 10. Write the resulting regression equation. Q = f( P, M, PR) where Qc = demand for cement/month (in yards) Pc = the price of cement per yard, M = country’s tax revenues per capita, and PR = the price of asphalt per yard.
New ads have been proposed and cost the company $5000 to run in each time slot. If the extra sales from each new ad are determined be sales = 11000 - 30ad. How many ads should be run? (enter as an integer).
How would the Autonomous Vehicles technologies affect workers (e.g., productivity, employment opportunities, income levels, skill development, etc.)
Find f'(x). f(x) = 9x* (x³ - 6) 4 f'(x) = 63x - 216x .3 %3D
In an order fulfillment facility, the shipping lead time is estimated to be 3-5 days from receiving orders. 1000 similar orders are placed at the beginning of a week. If 885 orders are shipped successfully, 50 orders are shipped but returned for addresses problems and the remaining are delayed, what is the order fulfillment rate of this facility?
No chatgpt used i will give 5 upvotes typing please
Total cost = $4500 fixed costs = $2000 variable cost = ?
f(x,y,z)=3x²+xyz+4y³₂² Find the value of df(x,y,z)/dx when x = 1, y = 2, z = 3.