Find the following. (a) Suppose the profit from the sale of ? units of a product is ?(?) = 16? − 0.1? 2 − 100. What levels of production will result in a profit of $180?
(b) Given the profit function from (a), determine the maximum profit.
(c) Suppose the supply function for a product is ? = ? 2 + 8? + 22 and the demand is ? = 102 − 8?. Determine the equilibrium price and quantity.
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Find the following. (a) Suppose the profit from the sale of ? units of a product...
Suppose the profit from the sale of x units of a product is P = 6400x − 18x2 − 400. (a) What level(s) of production will yield a profit of $318,800? (Enter your answers as a comma-separated list. Round your answers to two decimal places.) (b) Can a profit of more than $318,800 be made?
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PROBLEM I. Suppose that, in a market of a certain product, there is a single dominant firm with a cost function C(QcQ, where c > 0 is a constant, and the competitive fringe with a supply function Qf(p) = p-120 The market demand function is given by QM(p) = 600-3p. Q1. When c= 100, the dominant firm's profit-Inaximizing quantity is (a) 100 (b) 144 (c) 180 (d) 160 (e) 120 Q2. When c- 100, the equilibrium market price of the...
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