- #1
ditchqueen
- 3
- 0
I Think I am right on a, but not quite sure on B. I put this in the calc section, because I think B needs to be solved as a dirivitive.
Thank you
Given a firms profit curve of:
Profit= -3 + 15Q - 1.25Q^2
a) Calculate the output that would maximize the firms's profit.
15-1.25Q^2=0
15=1.25
15/1.25 = 12
Output = 12
b)Calculate the maximum profit:
-3 + 15Q-1.25Q^2
-3 +15 (12) - 1.25 (24)=
57-30=27
Thank you
Given a firms profit curve of:
Profit= -3 + 15Q - 1.25Q^2
a) Calculate the output that would maximize the firms's profit.
15-1.25Q^2=0
15=1.25
15/1.25 = 12
Output = 12
b)Calculate the maximum profit:
-3 + 15Q-1.25Q^2
-3 +15 (12) - 1.25 (24)=
57-30=27