64 667
Assignments Done
99,2%
Successfully Done
In September 2018

Answer to Question #53469 in Finance for Asif

Question #53469
How to derive the price from TR=100,000Q-10Q^2
Expert's answer
TR = P*Q = (100 - 10*Q)*Q .
Then P = 100 - 10*Q .
To maximaze TR we have to find an optimal Q:
MR = (d TR)/(d Q) = 100 - 20Q = 0 .
Then we can find Q = 5 and P = 100 - 10*Q = 100 - 10*5 = 50

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

Assignment Expert
27.07.15, 20:44

Dear Asif, find fixed answer attached.

Asif
26.07.15, 19:11

Did not understand the answer of the above equation. please elaborate it in easy way.
How to derive the price from TR=100,000Q-10Q^2?
Answer
The price P = MR and MR = TR', so P = MR = TR' = (100,000­Q-10Q^2)' = -1 - 20Q

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions