Illustrate what are marginal net profit when q1? q5., Ask an Expert

Economics

Q. Assume that total profit and total cost from an activity are, respectively given by following equations: B(Q)=150+28Q-5Q² and C(Q)=100+8Q. (Note: MB (Q)=28-10Q and MC (Q) =8)

a. Write down equation for net profits.

b. Illustrate what are net profits when Q =1? Q=5?

c. Write down equation for marginal net profit

d. Illustrate what are marginal net profit when Q=1? Q=5?

e. Illustrate what level of Q maximizes net profits, Illustrate what is value of marginal net profits?

f. At value of Q maximizes net profits, illustrate what is value of marginal net profits?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9292516

Have any Question?Write your Review or question?

Related Questions in Business Economics

Inc 409661 2796 pop INC = 40966.1 + 2.796 POP' sample size = 400

INC = 40966.1 + 2.796 POP' sample size = 400 (se) (545.8) (.2796); R 2 = .2468 1. Where INC is the income in millions of dollars and POP the population in millions of people. Provide an ...

Discuss three ranges of the aggregate supply curve explain

Discuss three ranges of the aggregate supply curve. Explain changes in the AD-AS macroeconomic equilibrium due to the aggregate demand shifts and due to aggregate supply shifts. Apply the AD-AS model to the two types of ...

In one of your classes the syllabus states that hw is worth

In one of your classes the syllabus states that HW is worth 10%,quizzes 20%, test 40% and the final 30%. Your grades on the HW is 80, quizzes 75 and tests 68. What is your current grade in the class? What do you need to ...

John plans to take three suits on his business trip if john

John plans to take three suits on his business trip. If John owns 8 suits, how many ways can the 3 suits be selected?

During a certain week the mean price of gasoline was 2719 a

During a certain week the mean price of gasoline was $2.719 a gallon. A ronadom sample of 32 stations is drwn. What is the probability that the mean price was between $2.695 and $2.716. Assume o=$0.048.

In 2009 the hershey company of pennsylvania became the

In 2009, the hershey company of pennsylvania became the latest company to open a candy factory in mexico, joining other american candy companies including brach's confections and ferrara pan candy, which had opened plans ...

What does this demand sequence meani am assuming that xyand

What does this demand sequence mean? (I am assuming that x,y,and s are related products) Qx= 1.5 -3.0Px + 0.8(Income) + 2.0 Py -0.6 Ps + 1.2(Advertising) Then a year passes and the values are: Px=2 I=2.5 Py=1.80 Ps ...

Suppose a sports team did a study that showed that the

Suppose a sports team did a study that showed that the demand curve for tickets was perfectly inelastic at the capacity of building up to a price of $350 per ticket, at which point it becomes perfectly elastic. 1) Draw a ...

Provide examples of an example of an inelastic good and an

Provide examples of an example of an inelastic good and an elastic one for your household?

Your client is going to be traveling to las vegas in the

Your client is going to be traveling to Las Vegas in the near future and he wants to place some bets on his favorite professional baseball team. To ensure he knows the odds on his bets he wants to know the probability of ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert