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 )
Answer:
5.4, -5, -9/10
Step-by-step explanation:
Answer:
Step-by-step explanation:
im pretty sure its a
Answer: options A, B and C are correct
Step-by-step explanation:
Ray's daily pay,P in dollars is given by the function, p(h) = 10h with h representing the number of hours that he worked on that day. If he worked c hours on Thursday and this is 3 hours more than he worked on Friday, then the following statement is true. We substitute c and c-3 for Thursday and Friday into the given function, p(h) = 10h
A) 10c -3 represents Ray's pay in dollars on Friday.
B) 10c represents Ray's pay in dollars on Thursday.
C) p(c ) - p(c-3) represents how much more Ray's pay was on Thursday than on Friday
