WebThe total cost function for a commodity is given by C = 3Q³ - 6Q² + 4Q a. Find the value of Q that optimises the function. b. Determine if this value of Q minimises or maximises the profit function. Expert Solution. Want to see the full answer? ... The demand function for a certain brand of CD is given by p = -0.01x^2 - 0.2x +10 where p is ... WebApr 3, 2024 · supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers …
Supply and demand Definition, Example, & Graph Britannica
WebFor products A and B, the joint-cost function for a manufacturer is c = 23qA2 + 6qB2 and the demand functions are pA = 36− qA2 and pB = 72 −4qB2. Find the level of production that maximizes the profit. The level of production that maximizes the profit is qA = and qB = The demand equations for related products A and B are given by qA = 26 ... WebThis means the firm is a price taker. In turn, the firm cannot take the demand function into account when making its decision (by optimizing). So the firm maximizes: P r o f i t = p ∗ … station wagon passat
Marginal Cost Formula - Definition, Examples, Calculate Marginal Cost
WebApr 3, 2024 · supply and demand, in economics, relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. It is the main model of price determination used in economic theory. The price of a commodity is determined by the interaction of supply and demand in a market. The … WebSuppose the monthly demand for golf services at a golf club is given by the inverse demand function, P = 20 – Q. The marginal cost to the golf club for each round is €2. There are 10 customers with exactly the same inverse demand functions. The fixed costs of running the club are €500 a month. WebMar 20, 2024 · This work concentrates on the problem of optimizing the cost of a passive wavelength division multiplexing (WDM) optical network used as a transport network for carrying the xHaul packet traffic between a set of remote radio sites and a central hub in a 5G radio access network (RAN). In this scope, we investigate the flexible use of optical … station wagon piccole