What is 8.85 times 1,000
2 answers:
You might be interested in
Answer:
The monopolist's net profit function would be:
Step-by-step explanation:
Recall that perfect price discrimination means that the monopolist would be able to get the maximum price that consumers are willing to pay for his products.
Therefore, if the demand curve is given by the function:
P stands for the price the consumers are willing to pay for the commodity and "y" stands for the quantity of units demanded at that price.
Then, the total income function (I) for the monopolist would be the product of the price the customers are willing to pay (that is function P) times the number of units that are sold at that price (y):
Therefore, the net profit (N) for the monopolist would be the difference between the Income and Cost functions (Income minus Cost):
To solve this problem, we need to first find the dimensions of the side of the blue and purple squares.
We're given that the purple (smaller) square has a side length of x inches.
We are also given that the blue band has a width of 5 inches.
Since the blue band surrounds the purple square on both sides, the length of the blue square is x+2(5)=x+10 inches.
The net area of the band is therefore the difference of the area of the blue square and the purple square, namely take out the area of the purple square from the blue.
Therefore
Area of band
[recall 
or 20(x+5) if you wish.
We're given that the purple (smaller) square has a side length of x inches.
We are also given that the blue band has a width of 5 inches.
Since the blue band surrounds the purple square on both sides, the length of the blue square is x+2(5)=x+10 inches.
The net area of the band is therefore the difference of the area of the blue square and the purple square, namely take out the area of the purple square from the blue.
Therefore
Area of band