A firm's profit equation is given by profit = -100 +160 Q - 20 Q2. Find the profit maximizing output (Q).
4 |
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20 |
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100 |
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160 |
Profit equation is given by, π = -100 + 160Q -20Q2
When profit is maximized, then,
dπ/dQ = 0
Or, 0 + 160 - 40Q = 0
Or, 40Q = 160
Or, Q = 4
Answer: option A
A firm's profit equation is given by profit = -100 +160 Q - 20 Q2. Find...
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