Answer:
Quantity = 59 units
Price = $111
Step-by-step explanation:
The Demand function is given by
The Marginal cost is given by
We are asked to find the quantity and price of goods.
Firstly, obtain the Marginal revenue function from the demand function
The Total revenue is given by
The Marginal revenue is the derivative of the Total revenue,
Assuming that the monopolist maximizes profits,
Therefore, the quantity is 59 units.
The price of each good is
Therefore, the price is $111.
Step-by-step explanation:
it's something in algebra i don't remember but basically the top number (12) has the x on the bottom which is multiplication and the bottom number (8) has addition so those tell u how ur supposed to get those numbers
so basically u need to find two numbers that add up to 8 and multiply to 12 so the factors are 6 and 2 because 6 • 2 is 12 and 6 + 2 = 8. hope this helps
J is your answer.
Slope is rise over run + your Y intercept.
Your y- intercept is the point in the graph in which the line passes through, the line passes through -2, so you know -2 is going to be your answer at the end. And slope is rise/run.
From one point to another, you rise 1 time , and run over 3 so you know your answer is
y = 1/3x - 2
hope this helps :)
for all 
in [-3, 0], so 
is non-decreasing over this interval, and in particular we know right away that its minimum value must occur at 
.
From the plot, it's clear that on [-3, 0] we have 
. So
for some constant 
. Given that 
, we find that
so that on [-3, 0] we have
and
