How do you solve for Q in the following equation:
200 - 50log(Q/2) = 3Q2- 20Q
Consider:
Now, consider hit-and-trial method to obtain the value of x
The result is:
Thus, at x=1.65087, the given equation is satisfied
Thus,
How do you solve for Q in the following equation: 200 - 50log(Q/2) = 3Q2- 20Q
QUESTION 7 Suppose inverse demand is given by the following equation P(Q) 600 - 20Q Suppose further that you are a monopolist with constant marginal cost equal to 40. How much profit do you earn at the optimal price and quantity? OA 3920 о в 4500 O C 1120 1) л. D.O
If the pre-tax cost function for John's Shoe Repair is: C(q)=200+20q-2q2+0.333q3 and it faces a specific tax of τ=$20, what is the profit-maximizing condition if the market price is p? Can you solve for a single, profit-maximizing q in terms of p? The profit-maximizing quantity in terms of p q=
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Suppose the total benefit derived from a continuous decisions, Q, is B(Q)=20Q-2Q^2 and the total cost from deciding Q is C(Q)=4+2Q^2. The marginal benefit (MB) and marginal cost (MC) is the first order derivative of these functions. MB(Q)=20-4Q and MC(Q)=4+4Q. What level of Q minimizes total cost?
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You are given the following cost functions: TC=100+60Q-3Q2 +0.1Q3 TC = 100 + 60Q + 3Q2 TC = 100 + 60Q 1. Compute the average variable cost, average cost, and marginal cost for each function. Plot them on a graph. 2. In each case, indicate the point at which diminishing returns occur. Also indicate the point of maximum cost efficiency (i.e., the point of minimum average cost). 3. For each function, discuss the relationship between marginal cost and average variable...
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