Question about ecomonic incentives

Reference no: EM1375776

Economic incentives were at heart of westward expansion across North America in late 18th centuries, so let us apply some economic analysis to the situation. The year is 1804 and you estimate that Merriwether Lewis 'total cost of trapping beaver in Oregon and taking the pelts to market in St. Louis is given by the function TC=50+20Q + .25Q2 (25Q to the second power), where Q is the quantity of beaver pelts. The pelts sell for $140 each in St. Louis. How many pelts should Lewis bring to St. Louis in order to maximize his profits?

Reference no: EM1375776

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