Demand function for a firm is given by P=12 - 0.4Q P is the price of the product, Q is the quantity demanded, and the total cost...

      

Demand function for a firm is given by
P=12 - 0.4Q
P is the price of the product, Q is the quantity demanded, and the total cost (C) is given by
C = 5 + 4Q + 0.6Q²
At what price and quantity will the firm have maximum profit? If the firm aims at maximizing sales, what
price should it charge?

  

Answers

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Mutiso answered the question on December 6, 2018 at 05:53

Next: A company is selling an item for ps= Sh.5. Profit is related to selling price p by P=50000_ps - 6250_ps 2 i ) Is the profit an increasing...
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Related Questions

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• A company is selling an item for ps= Sh.5. Profit is related to selling price p by P=50000_ps - 6250_ps 2 i ) Is the profit an increasing...(Solved)
  

  A company is selling an item for ps= Sh.5. Profit is related to selling price p by
  P=50000_ps - 6250_ps
  2
  i ) Is the profit an increasing function or a decreasing function when ps = 5?
  ii) If the price is changed to Sh.4.75, find whether profit would increase or decrease and find the change in
  profit.
  iii) At what price is the profit maximized?

  Date posted: December 6, 2018.  Answers (1)