Mathematics, 29.11.2021 15:00, F00Dislife
CP Ltd demand function is estimated to be P = 100 – 2Q Where P is the unit selling price in shillings and Q is the quantity demanded in 000’s of units. The total cost function is estimated to be: C=Q2 +10Q+500,whereCisthetotalcostinsh.1 ,000 Required: (a) Calculate the output in units that will maximize total profit and the corresponding unit selling price, total profit, and total sales revenue. (b) Calculate the output in units that will maximize total revenue, and to calculate the corresponding unit selling price, total loss and total sales revenues.
Answers: 2
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CP Ltd demand function is estimated to be P = 100 – 2Q Where P is the unit selling price in shilling...
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