1. (5 marks) Maximise the profit for a firm, assuming Q > 0, given that: its demand function is P = 200 - 5Q and its tot
Posted: Wed Jul 06, 2022 12:03 pm
- 1 5 Marks Maximise The Profit For A Firm Assuming Q 0 Given That Its Demand Function Is P 200 5q And Its Tot 1 (27.04 KiB) Viewed 13 times
1. (5 marks) Maximise the profit for a firm, assuming Q > 0, given that: its demand function is P = 200 - 5Q and its total cost function is C = 4Q³ - 8Q² - 650Q + 7,000 ●