Question
Question # 4 a. Evaluate Lim x →6 x^2 - 36/x^2 + 5x - 6 b....
Question # 4
a. Evaluate Lim x →6 x^2 - 36/x^2 + 5x - 6
b. the demand curve of a firm is p = -10q + 5900 and its average cost is A (q) = 2q^2 - 4q + 140 + 845/q. where q is the firm's output produced and sold.
1. derive an expression for the total revenue of the firm
ii. derive an expression for the firm's total profit function
iii. derive an expression for the rate of change of profit function of the firm.
iv. is the rate of change of profit increasing or decreasing when the firm's output level is q = 50?
v. determine the level of output for which the total profit of the firm is maximized
vi. what is the firm's maximum profit.
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Answer #1
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