Answer : 11) The answer is option c.
Given,
= - 200 + 80Q - 0.2Q^2
To obtain the profit maximizing output level we have to take the first order condition of derivative to profit function. So,
d / dQ = 80 - 0.4Q = 0
=> 80 = 0.4Q
=> Q = 80 / 0.4
=> Q = 200
Therefore, here the profit maximizing output is, Q = 200.
Can you solve this ess 11. Suppose a firm's profit is given by the equation 1...
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