Question
1. A company engaged in the MSME sector can sell all of its production units at a price of $ 6 per unit. The cost
1. A company engaged in the MSME sector can sell all of its production units at a price of $ 6 per unit. The cost of producing goods (q) units per week is C (q) = 1000 + 2q - 0.5q^2+0.2q^3. What is the value of q generated in order to maximize firm profits. And make tests on first derivatives and second derivatives.2. With the same cost function as Number 1 where to produce goods (q) units per week is C (q) = 1000 + 2q - 0.5q^2+0.2q^3. What is the price of q that can be sold per week if the demand equation is known is p = 12 -1.2q. Determine the price and volume of sales that maximize profits.3. A firm has a cost and demand function, respectively, C (q) = 5q p = 25 -2q.Find the level of output that maximizes the firm's profits and how much profit the firm receives. Is the gain function decreasing or increasing?
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