3. Suppose that the demand function of firm is q=100-10p and marginal cost is OMR 4 . Determine the profit maximize output and total revenue of the firm. This question from course management economics
Please solve this question 🙏. market demand curve for a firm operating as monopoly is given as Q = 34 - 0.2P and its corresponding cost function is TC = 40 + 50Q + 5Q2. A) Calculate is profit maximizing price and output as well as profit. B) If it behaved like a perfect competitor, what would be its profit maximizing price and output as well as profit? C) What market phenomenon would be observed as a result of the answer in B?
. Given a total revenue function TR=12Q-Q2, find a. find the marginal revenue function b. find the average revenue function c. evaluate the marginal and average revenue functions at=5
suppose the demand function for a product is given Q=200-2P and the cost of production is given as Tc= 20-2Q^2 Find the 1 price function 2 profit maximizing output level and price 3 sales maximizing output level and price
This is confusing. For a demand curve price is the dependent variable. Economists as a matter of habit draw demand curves in the proper orientation to reflect that price is the dependent variable (with price displayed on the vertical axis) but then proceed to write their formulas backwards as if price were the independent variable. In order to properly compute total revenue you need to write p(q), not q(p).
Please, if it possible to solve the following problem will be grateful. Problem: A monopolist faces the demand curve Q=60-P/2. The cost function is C=Q×Q. Find the output that maximises this monopolist's profit.What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
The world is yet to realize this great tutor
Appreciate your time and feedback. Thanks
Excellent. Simple words and easy explanation. Highly appreciate the efforts.
P=20-2D^2 . Demand=2units
3. Suppose that the demand function of firm is q=100-10p and marginal cost is OMR 4 . Determine the profit maximize output and total revenue of the firm.
This question from course management economics
Please solve this question 🙏. market demand curve for a firm operating as monopoly is given as Q = 34 - 0.2P and its corresponding cost function is TC = 40 + 50Q + 5Q2.
A) Calculate is profit maximizing price and output as well as profit.
B) If it behaved like a perfect competitor, what would be its profit maximizing price and output as well as profit?
C) What market phenomenon would be observed as a result of the answer in B?
Your lectur is very interesting! So that continue like this.
. Given a total revenue function TR=12Q-Q2, find
a. find the marginal revenue function
b. find the average revenue function
c. evaluate the marginal and average revenue functions at=5
MR=12-2Q
AR=12-Q
At 5units AR=7
MR =3.5
suppose the demand function for a product is given Q=200-2P and the cost of production is given as Tc= 20-2Q^2
Find the
1 price function
2 profit maximizing output level and price
3 sales maximizing output level and price
It was flawless sir I appreciate your support n effort 🤗😊
you made a mistake on AR=TR/P rather AR=TR/Q
Yes, it is given around 5 min. Thanks
How can draw the graph of AR=25Q/4+20Q/3+2Q+10
this is so helpful, thank you, sir
This is confusing. For a demand curve price is the dependent variable. Economists as a matter of habit draw demand curves in the proper orientation to reflect that price is the dependent variable (with price displayed on the vertical axis) but then proceed to write their formulas backwards as if price were the independent variable. In order to properly compute total revenue you need to write p(q), not q(p).
Sir please cover mathematical economics...so that we can solve questions related to elasticity of demand, AR,MR cost function, matrices etc
Thank you Mr Kumar
thank you so much for you help! kudos!
Thanks a lot for the great work
Thank you MR Kumar
Thanks. Here is playlist for related video: ua-cam.com/play/PLJ-ma5dJyAqrNk6kpfTCdr4WYeGFl0OeA.html
Isn't average revenue TR/Q ?
When given the demand function you just find the inverse demand function
Please, if it possible to solve the following problem will be grateful.
Problem: A monopolist faces the demand curve Q=60-P/2. The cost function is C=Q×Q. Find the output that maximises this monopolist's profit.What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
That was great 👌
Helpful
Sir pehli baar thoda samaj aaya but derivative kya pls explain
please try and use white board
Thanked sir
Hi Mr..
If AR = 15 - Q, then find MR.
P is the price
I have a question
I need help for one question I have
Goodevening people
Q8. Average Revenue (P) Functi0n of a m0n0p0list firm is given as :
AR=10-Q
Find:
I)TR Functi0n
II) MR Functi0n
III) Sl0pe of MR
IV) Sl0pe of AR
can you help with this?
Hocam Türkçe de anlatın lütfen
It hope it means good, Thanks
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