Question
Given the following total-revenue and total-cost functions of a firm: TR = 4Q TC = 0.04 3 - 0.9Q 2 + 10Q + 5 Determine:
- Given the following total-revenue and total-cost functions of a firm: TR = 4Q TC = 0.04 3 - 0.9Q 2 + 10Q + 5
Determine:
A. the level of output at which the firm maximizes its total profit.
B. the maximum profit that the firm could earn.
2.For the following total-profit function of a firm: = 144X - 3X 2 - XY - 2Y 2 + 120Y - 35
Determine:
A. the level of output of each commodity at which the firm maximizes its total profit.
B. the value of the maximum amount of the total profit of the firm.
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Mathematical Analysis I
Authors: Vladimir A Zorich, Roger Cooke, Octavio Paniagua Taboada
2nd Edition
3662487926, 9783662487921
