Download presentation

Published bySteve Rowlison Modified over 3 years ago

1
**At what Q is TR maximized? How do you know this is a maximum **

TR = 21Q –Q2 TC = 1/3Q3 – 3Q2 + 9Q + 6 At what Q is TR maximized? How do you know this is a maximum At what Q is profit maximized? Prove this is a maximum. What is the maximum profit?

2
**A) At what Q is profit maximized? B) Prove this is a maximum. **

TR = 50Q – Q2 TC = 100 – 4Q + 2Q2 A) At what Q is profit maximized? B) Prove this is a maximum. C) What is the total profit?

3
**Demand curve is Q = 220 – P TC = 1000 + 80Q – 3Q2 + 1/3Q3**

A) Write the equation for Total Revenue. B) Determine the output level and price that will maximize profit/minimize loss. C) What is the profit/loss at this point?

4
**Short run Total Cost STC = 4850 + 40Q – 1.5Q2 + 0.04Q3**

A) What is the dollar value of average fixed cost at an output of 25 units? B) At what level will marginal cost be minimized? C) Prove this is a minimum. D) At what level will AVC be minimized? E) Prove this is a minimum.

5
**Demand function Q = 350 – 0.25P STC = 20000 + 200Q – 9Q2 + 1/3Q3**

Determine the profit maximizing quantity sold and the price. Prove this is a maximum. What is the level of profit?

6
**Demand Q = 75 – 0.5P STC = 500 + 30Q – 3Q2 + 1/3Q3**

Find the MR equation for the firm. Solve for the profit maximizing quantity and price.

Similar presentations

Presentation is loading. Please wait....

OK

Producer decision Making Frederick University 2013.

Producer decision Making Frederick University 2013.

© 2018 SlidePlayer.com Inc.

All rights reserved.

Ads by Google

Ppt on art and craft movement style Ppt on computer science department Ppt on conservation of wildlife and natural vegetation of north Ppt on product advertising online Ppt on history of australia's government Keynote opening ppt on ipad Ppt on rational numbers for class 8 Ppt on computer devices input and output Ppt on vehicle testing Ppt on monetary policy