Sonam posted an Question
June 20, 2021 • 21:18 pm 30 points
  • UGC NET
  • Commerce

Price function= 100+2q and cost fumction=2q^2-50q+1500. if q is quantity , at what output will firm earn profit rs 7500?

price function= 100+2Q and cost fumction=2Q^2-50Q+1500. If Q is quantity , at what output will firm earn profit rs 7500?

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  • Sonam

    plz tell me why u didn't multiply cost function by q ? . hume ye kaise pta chlega ki q se multiply krma h ya nhi

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    cost function is inclusive of quantity and we always multiply price by quantity to find total revenue

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    thnk u so much

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