Suppose cost is proportional to quantity, C(q) = kq. Show that a firm earns maximum profit when
Question:
Suppose cost is proportional to quantity, C(q) = kq. Show that a firm earns maximum profit when
Transcribed Image Text:
Profit 1 Revenue E
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (5 reviews)
Marginal cost equals Cq k On the other hand by the pr...View the full answer
Answered By
Emel Khan
I have the ability to effectively communicate and demonstrate concepts to students. Through my practical application of the subject required, I am able to provide real-world examples and clarify complex ideas. This helps students to better understand and retain the information, leading to improved performance and confidence in their abilities. Additionally, my hands-on approach allows for interactive lessons and personalized instruction, catering to the individual needs and learning styles of each student.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
Question Posted:
Students also viewed these Mathematics questions
-
Formularium Management III Kevin Denis June 18, 2014 Use at own risk. Part I Inventory Control 1 Known demand (p198) 1.1 Basic EOQ model (p210) Assumptions: 1. Demand is xed at units per unit time....
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
1. A firm consists of 600 acres of land, of which 500 acres will be planted with corn, soybeans, and wheat according to this condition: -At least half of the planted acreage should be in corn - No...
-
Part C A 100.0 ? and a 150.0 ? resistor, both ratedat 2.00 W, are connected in series across a variable potentialdifference. What is the greatest this potential difference can bewithout overheating...
-
Bevil Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six-year life and will cost $900,000. Projected net cash inflows are as...
-
For the following exercises, test the equation for symmetry. r = 2/
-
Explain why financial instruments, particularly derivatives, can alter the risk profile of a business. Use a forward currency contract as an example. Discuss whether disclosure alone is sufficient to...
-
Softco, a multinational software company based in the United States, is considering an investment to produce and sell business software in Mexico. Use the betas.xls file to estimate the beta for this...
-
Given the function defined by f(x)=x-x-4x+4 2. (a) (b) (c) Find the zeros of f. Write an equation of the line tangent to the graph of fat x=-1. The point (a,b) is on the graph of and the line tangent...
-
Cell membranes contain ion channels. The fraction, f, of channels that are open is a function of the membrane potential V (the voltage inside the cell minus voltage outside), in millivolts (mV),...
-
Figure 4.26 is the graph of a second derivative f''. On the graph, mark the x-values that are inflection points of f. f" (x) AAY Figure 4.26 X
-
Should organizations adopt formal career development policies and programs? How do these programs affect their ability to be flexible in terms of staffing? How do they influence their ability to...
-
Activity rates and product costs using activity-based cost Idris Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing the fixtures. These activities...
-
1 Explain hashing. What is Extendible Hashing? 2 Explain Rehashing in detail. 3 Explain concepts of fields, records and files. 4 Explain Indexed and Relative/Random File Organization. 5 Brief about...
-
TranscribedText: Accompanying material for the ebook Introduction to Financial Accounting in the 21% Century - Gaber & Porporato, 5" Edition McGrawHill Term Project: Part II Bookkeeping for a small...
-
You are conducting a multinomial hypothesis test for the claim that all 5 categories are equally likely to be selected. Complete the table. Category Observed Expected Squared Pearson Frequency...
-
Required information [The following information applies to the questions displayed below.] Arndt, Incorporated reported the following for 2024 and 2025 ($ in millions): 2024 2025 Revenues $ 918...
-
How is the consideration transferred calculated?
-
In 1995 Miguel purchased a home for $130,000. In 2000 he sold it for $170,000 and immediately purchased another one for $180,000, which he sold in 2007 for $235,000. How much taxable capital gain, if...
-
What test can be used to test the hypothesis that the mean degree of itching is the same for active vs. placebo eyes? Table 7.10 Itching scores reported by participants a Itching score left eye...
-
More left eyes seem to be assigned to A than to P, and the investigator wonders whether the assignments are really random. Perform a significance test to assess how well the randomization is working....
-
Now assume that the true mean birth-weight is 115oz and repeat the exercise in Problem 7.86, assuming that the other conditions stated in Problem 7.86 are still correct? Simulation Consider the...
-
It has been said that the next generation of auditing seeks to take full advantage of emerging technologies in a way that will improve audit quality. Which emerging technology do you believe has the...
-
Which of the following options is not considered a qualified adoption expense under the IRC? A. Expenses incurred that are not reimbursed under another program. B. Expenses directly related to the...
-
Define the Salaries payable account by selecting the appropriate statement below. Multiple choice question. It reports amounts owed to employees and is a liability. It reports amounts owed to...
Study smarter with the SolutionInn App