Q.No.3 (b) A company estimates the following annual demand and supply function as Q-180-40P Q-80P-30 Determine market equilibrium price and quantity. (b) A firm has variable cost function as: V.C-0.05 Q-0.2 Q² + 17 Q and fixed cost Rs.7000 Demund function as- P-557-0.2 Q Determine quantity and price at which profit will be maximum an also calculate amount of maximum profit.

Q.No.3 (b) A company estimates the following annual demand and supply function as Q-180-40P Q-80P-30 Determine market equilibrium price and quantity. (b) A firm has variable cost function as: V.C-0.05 Q-0.2 Q² + 17 Q and fixed cost Rs.7000 Demund function as- P-557-0.2 Q Determine quantity and price at which profit will be maximum an also calculate amount of maximum profit.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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