Describe the maximum and minimum amounts

Assignment Help Macroeconomics

Reference no: EM1329453

Consumer Price Index explained in this solution

1. A company dedicated to tabaco has a cost and revenue function of:

CT= 20 + Q + Q2 (q squared)

I= 15Q - Q2 (q squared)

Determine the maximum and minimum amounts that can be produced where there is neither loss or gain.

2. If the consumer price index in 2002 is $175, in 2003 is $198, and in 2004 is $210, show the inflation table for 2003.

Reference no: EM1329453

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