What is the output that maximizes profit

Assignment Help Basic Computer Science
Reference no: EM132113382

A firm faces an inverse demand of P(Q) = 30-Q and Total Cost Function of TC(Q) = 1/2Q2+ 6Q+7 where P is the price, Q is quantity, and TC is total cost.

What is the output that maximizes profit (based on above)?

Reference no: EM132113382

Questions Cloud

Describe the project scope and provide a brief cost : ISY2001 – Provide a description of the business case and justification about the business benefits from implementing this system.
Explain the effect of each of the given events : Think about the demand for the three game consoles: Xbox One, PlayStation 4, and Wii U. Explain the effect of each of the following events on the demand.
How a rise in the price of sawdust influences supply of logs : When a timber mill makes logs from trees it also produces sawdust, which is used to make plywood. Explain how a rise in the price of sawdust influences.
What is the maximum output : A firm's short-run production function is 6L2 - 0.2L3 where Q is output and L is labor force. Find the size of the labor force that maximizes this firm's output
What is the output that maximizes profit : What is the output that maximizes profit (based on above)?
Will the new method change the supply of maple syrup : New Maple Syrup Sap Method With the new way to tap maple trees, farmers could produce 10 times as much maple syrup per acre. Source: cbc.ca, February 5, 2014.
Numerator in the modulus function in programming : How does it work if the denominator is greater than the numerator in the modulus function in programming?
Describe the changes in demand and supply : Strawberry Prices Drop as Late Harvest Hits Market Shoppers bought strawberries in March for $1.25 a pound rather than the $3.49 a pound they paid last year.
Explain graphically the events described in the news clip : "Popcorn Movie" Experience Gets Pricier Cinemas are raising the price of popcorn. Demand for field corn, which is used for animal feed, corn syrup, and ethanol.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Write program determines for each sales person their salary

This must be written in C++. A company pays its salespeople on a commission basis. The salespeople each receive $200 per week plus a 9 percent commission of their gross sales for the sales period.

  Colliding signals in a transmission cable

Suppose two nodes, A and B, are attached to opposite ends of an 800 m cable, and that they each have one frame of 1024 bits (including all headers and preambles) to send to each other.

  Performs a simple search and replace in a string

Write a function, using a regular expression, that performs a simple search and replace in a string.

  Greatest security threat to an organization

Employees are often the greatest security threat to an organization. It may be a disgruntled employee who felt he or she was poorly treated or a model employee who simply didn't follow company policy for keeping his or her computer secure.

  What is cyber insurance

a) What is Cyber Insurance and what does it generally cover? b) Why would an organization purchase cyber-insurance? c) What is the difference between first-party coverage and third-party coverage?

  Demonstrate critical awarenes-research theory and techniques

Demonstrate a critical awareness of previous research in an IT context - understanding of research theory and techniques.

  Effects on operational outcomes

Analyze the use of an Enterprise Software Systems (ESS) in a health care organization with regard to its effects on operational outcomes. Select one of the following applications.

  Telecommunications-networking discussion

The TCP, UDP, and IP were designed to provide best-effort service without quality of service (QoS) guarantees. Today's multimedia applications are implemented using these protocols.

  How can you measure the impact a new system

How can you measure the impact a new system (new ERP system implementation) will have on the staff (company personnel)?

  Construct a control flow graph

Select a program of your choosing (or a program chosen by your instructor). briefly explain why you choose the program a. Construct a control flow graph for one of the modules in the program. b. Calculate the cyclomatic complexity number for one of t..

  What can you do to reduce the risk of laptop theft

List and describe the three fundamental ways that data can be intercepted. How does a physcial security program protect against each of these data interception methods?

  What is the equivalent bcd value for this setting

What does the limit test (LIM) instruction test values for?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd