Answered: In the following demand and Cost…

In the following demand and Cost functions & is selling price and Qis quantity in the Thousand P = 30-29 Tc = Q +5Q-30 find the out put at which profit U maximized.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter18: Asymmetric Information

Section: Chapter Questions

Problem 18.3P

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Question

ofit is maximized
In the following demand and cost
functions & is selling price and
Q is quantity in the Thousand
P = 30-29
Tc = Q +5Q-30
find the out put at which
Maximized.
profit u
U

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