EBK NUMERICAL METHODS FOR ENGINEERS
EBK NUMERICAL METHODS FOR ENGINEERS
7th Edition
ISBN: 9780100254145
Author: Chapra
Publisher: YUZU
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Chapter 5, Problem 2P

Determine the real root of f ( x ) = 5 x 3 5 x 2 + 6 x 2 :

(a) Graphically.

(b) Using bisection to locate the root. Employ initial guesses of x l = 0 and  x u = 1 and iterate until the estimated error ε a falls below a level of ε s = 10 % .

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Price (S) The graph below depicts a firm with market power. In the graph, MC represents the firm's marginal costs, ATC represents the average total costs, D represents demand, and MR represents marginal revenue. 110 70 60 50 40 30 20 MC ATC D 0 40 50 70 80 95 Quantity/Units MR a. At 60 units of output, how much would this profit-maximizing monopolist charge? b. How many units would it produce to maximize total revenue rather than total profit? c. What is the maximum quantity this firm can produce without incurring economic losses? d. Calculate the firm's profit at the profit-maximizing output and price. e. Why is this firm's marginal revenue curve below its demand curve? Explain.
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EBK NUMERICAL METHODS FOR ENGINEERS

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