profit maximizing level of price and output from demand functions of two goods . finding revenue
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- Опубліковано 7 лют 2025
- Given the demand functions for two goods Px= 320 -4x + 2y and Py= 106 + 2x - 20y and a firms total cost function TC =4xy +40x 26y
1)Write down the equation for overall total revenue.
2) Find the values of Px, x, Pr, y, for which revenue is optimised, and use second order conditions to confirm it is maximum. Hence calculate the maximum total revenue
3) Write down the equation of the profit function
4) Determine the values x and y for which profit is optimised, and use second order conditions to confirm it is maximum. Hence calculate the maximum profit. Also calculate total revenue and the prices charged when profit is maximized
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Sir now I expected the economics would be work in real terms in our valley.great sir you are legend.
Your are wonderful. Very interesting.
Legend bai
Thank you so much, your content is really helpful for us.
Thank you master
Thank you so much sir
Sir..one lecture on project evaluation & cost benefit analysis..💝💝💝
And what if TC is not given how to find it ?
TR=P×Q
Thank you so much.... Sir pls explain inverse demand function & pls tell why we need to draw second order condition and when second order condition is required to solve?
I have explained in detail in this video
ua-cam.com/video/6IljyTwTqzM/v-deo.html
Hope it helps
Kk sir but sir pls make a video on theory part I mean & why this derivates are used what is role of this in Economics?
@@simmibelani9540 I have made detailed videos on that also . You can check the playlist " differentiation in economics) on this channel
Ap ny TR= pxX + pyx likha ... Jb k nichy ap ny y se multiple kiya hia