Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 23, 2024

Determine the profit equation for the company and use the profit equation to find the profit maximisation level of output and price and the optimum

Determine the profit equation for the company and use the profit equation to find the profit maximisation level of output and price and the optimum profit. Is the second order condition for a maximum satisfied?

image text in transcribed

Question 2 ABC audio manufactures specialist sound amplifier. The company have identified the following expressions to represent the demand for their products and the total cost of their operations: Price = 500 - 3X Cost = 150 + 20X + X2 Where X is the number of amplifiers produced and sold

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting Chapters 1-12

College Accounting Chapters 1-12

Authors: David D Busch, Tracie Nobles

11th Edition

1133710190, 978-1133710196

More Books

Students also viewed these Economics questions

Question

★★★★★

Gamma Co. capital balances are: Barr $30,000, Croy $25,000 and Eubank $22,000. The partners share income equally. Tovar is admitted to the firm by purchasing one-half of Eubanks interest for $13,000....

Answered: 1 week ago

Question

★★★★★

Show that if y = x 1/2 then the relative error bound of y is one-half that of x. Hence complete the table in Figure 1.36. a Va b b C Vc d Vd Correctly rounded values Value Figure 1.36 7.01 2.6476...

Answered: 1 week ago

Question

★★★★★

=+Here is a table of values from the U.S. Bureau of Labor Statistics (disk file BLS_Output): Year Output/hr Labor (2005 = 100) Output/unit Capital (2005 = 100) 1993 73.407 86.944 1994 74.049 90.416...

Answered: 1 week ago

Question

★★★★★

Jim Sarowski (SSN 000-00-2222) is 70 years old and single. He received Social Security benefits of $16,000. He works part-time as a greeter at a local discount store and received wages of $7,300....

Answered: 1 week ago

Question

★★★★★

k-way merge. Use a heap to design an O(n log k)-time to merge k sorted lists into one sorted list, where n is the total number of elements in all the input lists. Your algorithm should use space O(k)...

Answered: 1 week ago

Question

★★★★★

Saed Mahmoud is the CEO of a newly established financial consulting firm in Birzeit. The firm is managed by Saed Mahmoud and it has 7 employees. Saed Mahmoud has recently heard about COSO ERM, and he...

Answered: 1 week ago

Question

★★★★★

Q1. Your client is a manufacturer of women's clothing. The company manufacturers everything from shorts and t-shirts to professional and formal attire for women. The visualization titled "Number of...

Answered: 1 week ago

Question

★★★★★

Frank Rogers owns a small firm that manufactures "Rogers Sunglasses."Frank has been approached by REI about selling a seasonal sunglass design through their stores. Frank offers REI two purchasing...

Answered: 1 week ago

Question

★★★★★

Bias can be very difficult to overcome. For instance, social networks help people get jobs. While this benefits some, it means that it is harder for those outside the network. Why does this...

Answered: 1 week ago

Question

★★★★★

Name Mech HW-79 1. Consider the four block-and-spring(s) systems shown at right. Each block moves on a horizontal, frictionless table. The blocks all ha Case A springs are iden I have the same mass...

Answered: 1 week ago

Question

★★★★★

What basic/fundamental need must the CIFFA forwarder identify and take into account before offering a transport alternative? Question 3 options: Safety and security of the cargo Reasonable...

Answered: 1 week ago

Question

★★★★★

KDP Inc. is a small C corporation, and it is not a personal service corporation. It has no special deductions and no NOL deductions. KDP is not eligible for any tax credits, and it is not subject to...

Answered: 1 week ago

Question

★★★★★

Armed conflicts.

Answered: 1 week ago

Question

★★★★★

Take responsibility for the other persons or others experience of the situation.

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Previous Question Next Question