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Instructions for a block of questions: A firm realizes peak-pricing. The peak demand is p = 205 - q , the off-peak demand is p
Instructions for a block of questions: A firm realizes peak-pricing. The peak demand is p = 205 - q , the off-peak demand is p = 50 - 0, 5q. The firm TC function can be written as TC = 10 + 5g + q2. Respond to the following questions: 4 . The firm aims to maximize an accounting profit in the whole market. Select a correct answer to the question. O YES O NO Block of questions 4 5 . During peak times, the firm sells pieces. (round to whole number, mathematically) Select an option or use your own word(s) to fill in the gap(s) in the question. 6. During off-peak times, the firm charges a price of Eur. (round to whole number, mathematically) Select an option or use your own word(s) to fill in the gap(s) in the
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