Question: this is the question part one if possible to upoad screen of the solution using matlab thanks Project #7: Parts I, II & III: Suppose

Project #7: Parts I, II & III: Suppose that the dollar cost of producing , appliances is cq) = 30000 - 4q+ 0.5q? and the demand function is given by q = 80 - Questions Use of MATLAB or Mathematica are recommended. Choose any of the projects and answer the question for your selected project at the end of this document. Provide the Matlab or Mathematica code for each question. Part I 1. Develop the total revenue, total cost (if not given), and profit functions. Explain these functions in few sentences. 2. Develop a 2D plot for demand versus the price. What do you notice? 3. Develop a 2D plot for total cost versus the quantity; average cost versus the quantity; marginal cost versus the quantity; and marginal revenue versus quantity on the same graph. What do you notice? Project #7: Parts I, II & III: Suppose that the dollar cost of producing , appliances is cq) = 30000 - 4q+ 0.5q? and the demand function is given by q = 80 - Questions Use of MATLAB or Mathematica are recommended. Choose any of the projects and answer the question for your selected project at the end of this document. Provide the Matlab or Mathematica code for each question. Part I 1. Develop the total revenue, total cost (if not given), and profit functions. Explain these functions in few sentences. 2. Develop a 2D plot for demand versus the price. What do you notice? 3. Develop a 2D plot for total cost versus the quantity; average cost versus the quantity; marginal cost versus the quantity; and marginal revenue versus quantity on the same graph. What do you notice
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
