Description of this paper

ECO - A firm in an oligopolistic industry

Description

solution


Question

Question;A firm in an oligopolistic industry has the following demand and total cost equations:P = 600 ? 20QTC = 700 + 160Q + 15Q^2Calculate: a. quantity at which profit is maximized. b. maximum profit. c. quantity at which revenue is maximized. d. maximum revenue. e. maximum quantity at which profit will be at least $580. f. maximum revenue at which profit will be at least $580.

 

Paper#55598 | Written in 18-Jul-2015

Price : $24
SiteLock