Question

2. Find the maximum of the following profit function by finding out (a) the output ?∗value...

2. Find the maximum of the following profit function by finding out (a) the output ?∗value where the first order condition is satisfied; and (b) the maximum profit.

?(?)=−?^3/3−5?2+2000?−326.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
2. Find the maximum of the following profit function by finding out (a) the output ?∗value...
2. Find the maximum of the following profit function by finding out (a) the output ?∗value where the first order condition is satisfied; and (b) the maximum profit. ?(?)=−?^3/3−5?2+2000?−326. (please explain in full)
1) Find the absolute maximum value and the absolute minimum, if any, of the given function....
1) Find the absolute maximum value and the absolute minimum, if any, of the given function. f(x) = 2x 3 − 3x 2 − 36x + 5 on [−1, 4] 2) A manufacturer of a certain commodity has estimated that her profit in thousands of dollars is given by the expression −2x 2 + 14x−6 where x (in thousands) is the number of units produced. What is the maximum profit the manufacturer could realize on the commodity?
Consider the function ?(?)=2?^3+12?^2−72?+2, −6≤?≤3 a) Find the absolute minimum value b) Find the absolute maximum...
Consider the function ?(?)=2?^3+12?^2−72?+2, −6≤?≤3 a) Find the absolute minimum value b) Find the absolute maximum value
1. Find the absolute maximum value and the absolute minimum value, if any, of the function....
1. Find the absolute maximum value and the absolute minimum value, if any, of the function. (If an answer does not exist, enter DNE.) g(x) = −x2 + 4x + 9 maximum = minimum= 2. Find the absolute maximum value and the absolute minimum value, if any, of the function. (If an answer does not exist, enter DNE.) f(x) = x2 − x − 3 on [0, 3] 3. Find the absolute maximum value and the absolute minimum value, if...
. [Multi-product Firm’s Profit Maximization] Find (i) the profit maximizing output levels x and y and...
. [Multi-product Firm’s Profit Maximization] Find (i) the profit maximizing output levels x and y and (ii) the maximum profit for a firm producing two goods x and y with the profit function π(x, y) = 122x−2x 2 −2xy−4y 2 +180y−200.
(A). Find the maximum of the following utility function with respect to x; U= x^2 *...
(A). Find the maximum of the following utility function with respect to x; U= x^2 * (120-4x). The utility function is U(x,y)= sqrt(x) + sqrt(y) . The price of good x is Px and the price of good y is Py. We denote income by M with M > 0. This function is well-defined for x>0 and y>0. (B). Compute (aU/aX) and (a^2u/ax^2). Is the utility function increasing in x? Is the utility function concave in x? (C). Write down...
Find the maximum value of the function f(x,y) = 2x - 5(y^2) subject to the constraint...
Find the maximum value of the function f(x,y) = 2x - 5(y^2) subject to the constraint (x^2)+5(y^2) = 25.
Find the maximum profit and the number of units that must be produced and sold in...
Find the maximum profit and the number of units that must be produced and sold in order to yield the maximum profit. Assume that revenue, R(x) and cost C(x) of producing units in dollars. R(x)=4x, , C(x) = 0.05x ^ 2 + 0.8x + 5 What is the production for the maximum profit? units What is the profit?
Find the absolute minimum and maximum values of the function f(?, ?) = 3?^2 + ?^2...
Find the absolute minimum and maximum values of the function f(?, ?) = 3?^2 + ?^2 − 4(x^2)? on the region −5 ≤ ? ≤ 5 and −5 ≤ ? ≤ 5.
1. Find the absolute maximum value and the absolute minimum value,if any, of each function. (a)...
1. Find the absolute maximum value and the absolute minimum value,if any, of each function. (a) f(x) = -x2+ 4x + 6 on [0, 5] (b) g(x)= x+1 / x−1 on [2, 4]