Question
Firm A has Revenue Function R = 200q - 4q 2 and cost function C = 0.5q 2 + 11q + 70. What is the
Firm A has Revenue Function R = 200q - 4q2and cost function C = 0.5q2+ 11q + 70. What is the level of production that maximizes Firm A's profit?
Firm A sells good X. It faces demand q = 100 - 2P, where P is the price of X. Firm A's cost function is C = 2q2+ 15q + 10. What is the profit function of Firm A?
Firm A sells good X. It faces demand q = 40 - 4P, where P is the price of X. What is the revenue function of Firm A?
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
