demand for a particular product is given by the expression 4𝑃 + 𝑄 − 16 = 0 and the total cost per unit function is 0.05𝑄/ − 0.3𝑄3 + 2𝑄 + 4,Find

INSTRUCTIONS TO CANDIDATES

ANSWER ALL QUESTIONS

Assignment

1.      Ebo is the owner of a medium-sized company that assembles personal computers in Ghana. He purchase most of the components for the company such as random access memory (RAM) on a competitive market. In order to maximize profit in the short run, he employed an economist to estimate the demand curve for his product as: 3𝑄 =20 − 0.4𝑃. Suppose the firm has a fixed cost of 100 and variable cost per unit function as 1.5𝑄 − 31 + 1/0, where Q is the number of laptops produced and P is the price per computer:

a)      Determine the number of laptops that maximize the company’s profit.

b)      How much should the firm charge for one computer?

c)      Find the total profit at the profit-maximizing level of output 

2.      The demand for a particular product is given by the expression 4𝑃 + 𝑄 − 16 = 0 and the total cost per unit function is 0.05𝑄/ − 0.3𝑄3 + 2𝑄 + 4,Find

a)      an expression of the profit the function of the firm in terms of quantity.

b)      the level of output that maximizes the firm’s profit

c)      the price at which the good should be sold in order to maximize profit

d)      the maximum profit of the firm

Attachments:

Related Questions

. The fundamental operations of create, read, update, and delete (CRUD) in either Python or Java

CS 340 Milestone One Guidelines and Rubric  Overview: For this assignment, you will implement the fundamental operations of create, read, update,

. Develop a program to emulate a purchase transaction at a retail store. This  program will have two classes, a LineItem class and a Transaction class

Retail Transaction Programming Project  Project Requirements:  Develop a program to emulate a purchase transaction at a retail store. This

. The following program contains five errors. Identify the errors and fix them

7COM1028   Secure Systems Programming   Referral Coursework: Secure

. Accepts the following from a user: Item Name Item Quantity Item Price Allows the user to create a file to store the sales receipt contents

Create a GUI program that:Accepts the following from a user:Item NameItem QuantityItem PriceAllows the user to create a file to store the sales receip

. The final project will encompass developing a web service using a software stack and implementing an industry-standard interface. Regardless of whether you choose to pursue application development goals as a pure developer or as a software engineer

CS 340 Final Project Guidelines and Rubric  Overview The final project will encompass developing a web service using a software stack and impleme