You are the superintendent of a engrossment, and your ask-for and absorb functions are absorbed by P = 300 – 3Q and C(Q) = 1,500 + 2Q2, respectively.
a. What compensation–quantity confederacy maximizes your fixed’s result?
b. Calculate the utmost result.
d. What compensation–quantity confederacy maximizes return?
e. Calculate the utmost returns.
A fixed sells its result in a accurately competitive trade where other fixeds inculpate a compensation of $90 per individual. The fixed’s entirety absorbs are C(Q) = 40 + 10Q + 2Q2.
a. How ample output should the fixed result in the brief run?
b. What compensation should the fixed inculpate in the brief run?
c. What are the fixed’s brief-run result?
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