Determine indiana powers output and level of profits

Assignment Help Macroeconomics

Reference no: EM13182206

Suppose the Indiana Power Company wishes to maximize profits. The cost, demand and revenue functions have been determined and given below. Determine Indiana Power's profit maximizing price, output and level of profits.

Q = output level

P = Price

TC = Total Cost = 20 + 5Q + Q2

P = 25 -Q Demand Function

Q =

Profit =

The second derivative =

Since the second derivative is (enter positive or negative) we have a (enter maximum or minimum)

Reference no: EM13182206

Questions Cloud

State what is the name of the haemoglobin variant : What is the name of the haemoglobin variant? Would this haemoglobin demonstrate a left or right shift on an oxygen dissociate curve ? Fully justify your answer.

Calculate the regression coefficients : Calculate the standard error of estimate and the standard error of Coefficient Standard error of estimate = Standard error of Coefficient = 4. Make a prediction of Y when X = 64. Prediction y= 5. Calculate a 95% prediction interval when X = 64. Pre..

State the iron oxide reacts to form water vapor : the iron oxide reacts to form water vapor and Fe(s) but the aluminum oxide remains unreacted. if the residue following heating weighs 1.596g, determine the weight percent of iron oxide in the original mixture.

State what is the uncertainty in the value of the copper : What is the final concentration of copper in the flask b)what is the uncertainty in the value of the copper concentration?

Determine indiana powers output and level of profits : Suppose the Indiana Power Company wishes to maximize profits. The cost, demand and revenue functions have been determined and given below. Determine Indiana Power's profit maximizing price, output and level of profits. Q = output level, P = Pri..

State what is the rate constant for the decomposition : For the hypothethical reaction A-products, the concentration of A was monitored with time. from the followimg graph

Depict all of the carbocation resonance structures : Draw all of the carbocation resonance structures that result when the tosylate ion leaves from 1-(tosylmethyl)cyclohexa-1,3-diene. Input the radical lone electrons.

Why the demand for a particular brand is more elastic : On the basis of historical data, Richard Tennant has concluded, "The consumption of cigarettes is [relatively] insensitive to changes in price. In contrast, the demand for individual brands is highly elastic in its response to p..

What is the concentration of clo : For the reaction: H2+ClO2 = 2 HOCl; K=0.0900; what us the concentration of (HOCl), at equilibrium if 0.0230 mol of H2 and 0.0230 mol of ClO2

User Account

All Pages