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Total cost , Total Revenue, Profit function, profit Maximizing output and price from demand function
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A manufacturer producing x items per week has an average cost of $ [x²/3 -8.5x +50+90/x] The demand function for this product is 22- P=0.5x where P is the selling price per item. Find The total cost function, The total revenue function, Profit function, Find the level of output which maximize the total profit. Find the maximum profit and the selling price of an item at maximum profit.#MathematicalEconomics
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#QuantitativeEconomics
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#NETEconomics
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#MathematicalEconomics
#EconMath
#GATEEconomics
#NETEconomics
#DSU
#IITJAM #NetEconomics #GateEconomics
#Microeconomics
#Integration in ECONOMICS
Algebra in Economics
#MatrixAlgebra in Economics
#GRAPHING_IN_ECONOMICS
#Choice under uncertainty
#GAMETHEORY
#ComparativeStaticsInEconomics
#GATEECONOMICS
#INPUT_OUTPUT_MODEL
#IS-LM_MODEL
You can Join
On Facebook
Facebook page
On Telegram
#neteconomics #gateeconomics #dsu #econmath #importantquestionsineconomics #jnu #ies #economicsonyourtips
#MathematicalEconomics
#JAMECONOMICS
#ImportantQuestionsInEconomics
#MAEntranceEconomics
#QuantitativeEconomics
#EconMath
#NETEconomics
#KU
#MathematicalEconomics
#EconMath
#GATEEconomics
#NETEconomics
#DSU
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