2023 The demand and cost function for a company are estimated to be as follows P 100 8QTC 50 80Q 10Q2 0 6Q3 a What | Assignments Online
2023 The demand and cost function for a company are estimated to be as follows P 100 8QTC 50 80Q 10Q2 0 6Q3 a What | Assignments Online
Assignments Online 2023 Business Finance
“The demand and cost function for a company are estimated to be as follows:
P=100-8QTC=50+80Q-10Q2+0.6Q3
a. What price should the company charge if it wants to maximize its profit in the short run?
b. What price should it charge if it wants to maximize its revenue in the short run?
c. Suppose the company lacks confidence in the accuracy of cost estimates expressed in a cubic equation and simply wants to use a linear approximation. Suggest a linear representation of this cubic equation. What difference would it make on the recommended profit-maximizing and revenue-maximizing prices?”
Assignmentsonline.org help students to solve their assignment in the best possible manner. In the assignment help industry, we are regarded as one of the best helpers for students’ tasks in all subjects. We provide solutions to students from all corners of the world, but the main focus is from students residing in the US, UK, and Australia. Our primary focus is solving student assignments for all subjects and streams.
Place Order NOw
Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...
#write essay #research paper
