Answer: hello your question lacks some data hence I will be making an assumption to help resolve the problem within the scope of the question
answer:
≈ 95 units ( output level )
Step-by-step explanation:
Given data :
P = 2000 - Q/10
TC = 2Q^2 + 10Q + 200 ( assumed value )
<u>The output level where a purely monopolistic market will maximize profit</u>
<u>at MR = MC </u>
P = 2000 - Q/10 ------ ( 1 )
PQ = 2000Q - Q^2 / 10 ( aka TR )
MR = d (TR ) / dQ = 2000 - 2Q/10 = 2000 - Q/5
TC = 2Q^2 + 10Q + 200 ---- ( 2 )
MC = d (TC) / dQ = 4Q + 10
equating MR = MC
2000 - Q/5 = 4Q + 10
2000 - 10 = 4Q + Q/5
1990 = 20Q + Q
∴ Q = 1990 / 21 = 94.76 ≈ 95 units ( output level )
I cant really show you how to graph this but i can try to explain it. you would make a 4 quadrant graph and do rise over run.
1)start by making the graph
2) on the line of the graph marked Y is where you would put -4
3) From -4, you would go up (rise) by 2 and go over to the right 1 where you end is the slop
I just did this my bad bro
Answer:
Statement A is TRUE.
Given an x value of 15, y would be ;
= 2.72 * 15
= 40.8
Coordinates would therefore be (15, 40.8)
Statement B is FALSE.
The coordinates of Y given are impossible given the coordinates of X. In this scenario, Y must always be greater than X as a result of the equation.
Statement C is TRUE.
The slope in the equation takes the form of the $2.72 price being charged per gallon of gasoline such that the total price of x gallons can be calculated by multiplying the number of gallons by $2.72
Statement D is FALSE.
If the price of gasoline were to decrease by $0.03, the slope would become 2.69 not 2.75. 2.75 would be the new slope if the price had increased by $0.03 instead of decreased.