example suppose the demand and cost, Mathematics

+44 141 628 6080
[email protected]

example suppose the demand and cost

Example

Suppose the demand and cost functions are given by

Q = 21 - 0.1P and C = 200 + 10Q

Where,

Q - Quantity sold

P - Price per unit sold

C - Cost of production.

We can compute the revenue and profit as:

Revenue	=	Q x P
	=	Q[210 - 10Q]
	=	210Q - 10Q²
Profit	=	Revenue - Cost
	=	210Q - 10Q² - [200 +10Q]
	=	-10Q² + 200Q - 200

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Mathematics: example suppose the demand and cost

Reference No:- TGS0159867

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported

Request for Solution File

Ask an Expert for Answer!!

Mathematics: example suppose the demand and cost

Reference No:- TGS0159867

Have a Question? (oR Write a Review)

Recent Questions Asked Mathematics

Q : dual homed host architecturethis setup consists

Q : the magnetic circuitin an electric circuit a

Q : for the layman a function indicates a

Q : screened host architecturethis architecture

Q : example suppose the demand and cost

Q : magnetic flux and flux densitya magnetising

Q : screened subnet architecturethis setup provides

Q : packet filtering firewallpacket filtering is a

Q : stateless packet filteringstateless or static