Question: Firm A sells good X. It faces demand q = 80 - P, where Pis the price of X. Firm A's cost function is C=5q2

Firm A sells good X. It faces demand q = 80 - P,

Firm A sells good X. It faces demand q = 80 - P, where Pis the price of X. Firm A's cost function is C=5q2 +20q+ 150 What is the profit function of Firm A? -4q2 + 109 - 70 5q2 +212 +70 q2 + 800 - 140 -6q2 + 609 - 150

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Firm A sells good X. It faces demand q = 80 - P, where Pis the price of X. Firm A's cost function is C=5q2 +20q+ 150 What is the profit function of Firm A? -4q2 + 109 - 70 5q2 +212 +70 q2 + 800 - 140...

Q:

Firm A sells good X. It faces demand q = 80 - P, where Pis the price of X. Firm A's cost function is C=5q2 +20q+ 150 What is the profit function of Firm A? -4q2 + 109 - 70 5q2 +212 +70 q2 + 800 - 140...

Q:

Firm A sells good X. It faces demand q = 80 - P, where Pis the price of X. Firm A's cost function is C=5q2 +20q+ 150 What is the profit function of Firm A? -4q2 + 109 - 70 5q2 +212 +70 q2 + 800 - 140...

Q:

Firm A has Revenue Function R = 200q - 4q 2 and cost function C = 0.5q 2 + 11q + 70. What is the level of production that maximizes Firm A's profit? Firm A sells good X. It faces demand q = 100 - 2P,...

Q:

hhhhh answer all The rights vest after four years. The rights entitle the employees to receive cash at any time between January 1, 2024 and December 31, 2025 for the difference between the market...

Q:

nnn You are familiar with the company because your spouse is an IT specialist for the company, and the current CFO is a former auditor for Wallace and Brace, CPA. Wallace and Brace, CPA is a regional...

Q:

Problem 1 (10 points) New Yorkers rely on the Hudson River for a large share of their drinking water. As such they like the water to be clean and free of toxins and incur significant costs for...

Q:

ole3 GPC's primary objective is to increase revenue 7% and net income 6% in each of the next 4 years prior to a planned initial public offering (in year 5). The company producess. Hans refuses to...

Q:

Answer the following questions The simultaneous-move game (shown below) is played twice, with the outcome of the first stage observed before the second stage begins. There is no discounting. The...

Q:

Calendar X VA Final Exam Review - 1320 - M X Course Hero x + C webassign.net/web/Student/Assignment-Responses/submit?dep=25947248&tags=autosave#question4916124_21 A :: Apps M SIMnet - Keep IT......

Q:

Under pressure to balance their budgets, governments at all levels have resorted to scal gimmicks, such as delaying the wages and salaries of government employees from the last day of the month to...

Q:

(a) What is the trend in electro negativity going from left to right in a row of the periodic table? (b) How do electro negativity values generally vary going down a column in the periodic table? (c)...

Q:

Goods are transferred to cost of goods sold from Blank _ _ _ _ _ _ inventory. Multiple choice question. raw materials work in process finished goods

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...