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Problem 2 10.0/10.0 points (graded) Given - Q1150 3P + P2 + P3 Q2 = 180 + P - 4P2 + 2P3 Q3 =
Problem 2 10.0/10.0 points (graded) Given - Q1150 3P + P2 + P3 Q2 = 180 + P - 4P2 + 2P3 Q3 = 200 + 2P + P2 - 5P3 and TC = Q + Q1Q2 + 2Q2 + QzQ3 + Q3 + Q1Q3 Find the inverse demand function P = f(Q) and use Cramer's rule to solve for the critical value Q. Answer in two decimal places. 27.37 27.37 Use Cramer's rule to solve for the critical value Q2. Answer in two decimal places. 14.71 14.71 Use Cramer's rule to solve for the critical value Q3. Answer in two decimal places. 24.88 24.88 Calculate the Hessian matrix. What is the value of |H3|? Answer in two decimal places. -22.37 -22.37 Based on the Hessian, what can you say about the profit? Answer in one word. maximized
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