Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 4 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 04 Dec 2017 My Price 4.00

microchip producer

  1. Suppose the microchip producer discussed in this chapter faces demand and cost equations given by Q = 8.5 - .05P and C = 100 + 38Q. Choosing to treat price as its main decision variable, it writes profit as

1r = R - C

= [P(8.5 - .05P)] - [100 + (38)(8.5 - .05P)]

= -423 + 10.4P - .05P 2 .

Derive an expression for M1r = d1r/dP. Then set M1r = 0 to find the firm’s optimal price. Your result should confirm the optimal price found earlier in the chapter.

 

 
 

Answers

Maurice Tutor
(5)
Status NEW Posted 04 Dec 2017 08:12 PM My Price 4.00

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