Webdepends on Q, sub inverse demand for P, obtain ˇ= (30 0:2Q)Q 5Q. To maximize pro ts F.O.C. is dˇ dQ = 30 0:4Q 5 = 0; notice that this is same as ‘choosing output so that marginal revenue equals marginal cost’: MR= 30 0:4Q= 5 = MC. The pro ts are maximized at Q M = 62:5. Sub into demand to nd P M = 17:5. Calculate pro ts ˇ= 781:25, CS=390 ... WebGet all information on the commodity market. Find the latest commodity prices including News, Charts, Realtime Quotes and even more about commodities.
Solved Suppose that the supply function for some commodity
WebQuestion #115111 A market consists of three consumers whose demand curves are: P= 35-0.5Qa; P= 50-0.25Qb; and P= 40-2Qc. Calculate the market demand for the commodity and the equilibrium output and price if the supply function is given by Qs= 40+3.5P. (8 marks) Expert's answer Qa=\frac {P-35} {-0.5} Qa = −0.5P −35 WebQuestion #73974. Given the firm demand function Q = 55 - 0.5P. (where P = Price and Q = rate of output), and the total cost function. TC = 20 + Q + 0.2Q^2. where TC = Total cost, determine. (a) The Total revenue function for the firm. (Hint: To find the total revenue function,solve the demand function for P and then multiply both sides of the ... chandan river
The 5q- syndrome - PubMed
WebEconomics questions and answers The demand for commodity X is represented by the equation P= 100-Q and supply by the equation P = 10 + 4Q. Refer to the given information. The equilibrium price is: $50 $70 $80 $130 $82 This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. WebThis problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Question: Suppose that the supply function for some commodity is S (q)= q^2+5q+100 and the demand function for the commodity is D (q)=3350- q^2 What is the equilibrium point? What is the producers’ surplus? WebJul 12, 2024 · Given the demand function P = 20 – 5Q, find the price elasticity of demand when price of the commodity is 5 Birr per unit. Mention if the demand is price elastic or … harbor freight miter box saw