profit max Using the solver method in excel. Find TC, TR, profit max P,Q, Profit and elasticity at profit max. 1. Q= 1700-5P TC 20,000 -16Q 2. Q = 10,000-100P TC = 3. Q = 6- 2P 30,400 +4Q TC = 25,000 +.25Q? %3D
profit max Using the solver method in excel. Find TC, TR, profit max P,Q, Profit and elasticity at profit max. 1. Q= 1700-5P TC 20,000 -16Q 2. Q = 10,000-100P TC = 3. Q = 6- 2P 30,400 +4Q TC = 25,000 +.25Q? %3D
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![profit max
Using the solver method in excel. Find TC, TR, profit max P,Q, Profit and
elasticity at profit max.
1. Q= 1700-5P TC 20,000 -16Q
2. Q = 10,000-100P TC
3. Q = 6 - 2P
30,400 +4Q
TC = 25,000 +.25Q?
%3D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7d414211-1610-4707-84cc-f51c88a6f781%2F6babd8f4-cf31-4b88-979a-d6482c8a8e28%2Fiv92dtd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:profit max
Using the solver method in excel. Find TC, TR, profit max P,Q, Profit and
elasticity at profit max.
1. Q= 1700-5P TC 20,000 -16Q
2. Q = 10,000-100P TC
3. Q = 6 - 2P
30,400 +4Q
TC = 25,000 +.25Q?
%3D
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