The ABC company is producing an item at unit cost of Rs. 4. (a) If the supply function is q = 160 + 8 p, where q represents the quantity produced and p represents the market price, then find the total cost function in terms of p. (b) What is the market price at which the company realizes a total profit of Rs. 500.

Q: For the cost function C(x) = -0.05-x² + 10 -x+ 80 find: a. The average cost function b. The marginal…

A: Given function C(x) C(x)=-0.05x2+10x+80 To find average cost function we divide C(x) by x…

Q: Suppose a company's demand function is given by p(q)=−0.0475q+30 and p(q) is the price in dollars.…

A: As per our guidelines we are supposed to answer 3 parts , kindly repost the remaining parts . Answer…

Q: (b) The demand curve for a swivel chair is given by p 4000(3ª) dollars per swivel chair, where p is…

A:

Q: (b) Given the demand function P = 120 – 3Q, fixed cost, FC of 50 and variable cost, VC of 5 per unit…

A:

Q: Find the consumers’ surplus at a price level of ?̅= $150 for the price demand equation ?(?) = 400 −…

A:

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.