c Instructions for the following questions write your answers and working out on paper. For a full mark of detailed working is needed. You will receive zero marks for answers only When you finish, please convert your work inc PDF file and submit here 10-Q and the total costs function is TC-12+2Q, when Ps Q11 The demand function of a product is P the price per item and Q is the quantity of the product (a) Find an expression for the total revenue (TR) function and deduce the profit function (b) Determine the price(s) which will ensure that the firm's profit is 3 units?

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Q: 1. Suppose that the demand function is y=-3x + 54. A. What is the highest price a consumer would pay…

A: This is the question from Mathematical Economics.

Q: Suppose the demand for an item is give by the demand function, D(q) = - 4g + 550, where q is unit…

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