Calcuate the distance Tom rides his bike if he rides 5\6 mile of each 5 days
2 answers:
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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):
The inclusion/exclusion principle states that
That is, the union has as many members as the sum of the number of members of the individual sets, minus the number of elements contained in both sets (to avoid double-counting).
Therefore,
will have the most elements when the sets 
and 
are disjoint, i.e. 
, which would mean the most we can can in this case would be
(Note that
denotes the cardinality of the set .)
That is, the union has as many members as the sum of the number of members of the individual sets, minus the number of elements contained in both sets (to avoid double-counting).
Therefore,
(Note that