Question

QNO1 What output will maximize total revenue if TR = 250q - 2q^2? QNO2 If a firm faces the demand schedule p = 90 - 0.3q, how much does it have to sell to maximize sales revenue? QNO3 A firm faces the total revenue schedule TR = 600q - 0.5q^2 (a) What is marginal revenue when q is 100? (b) When is total revenue at its maximum? (c) What price should the firm charge to achieve this maximum TR? QNO4 For the non-linear demand schedule p = 750 - 0.1q^2, what output will maximize the sales revenue? QNO5 Show that TR is a maximum when q is 18 for the non-linear demand schedule p = 194.4 - 0.2q^2 QNO6 A firm faces the demand schedule p = 190 - 0.6Q and the total cost function TC = 40 + 30Q + 0.4Q^2. (a) What output will maximize profit? (b) What output will maximize total revenue? (c) What will the output be if the firm makes a profit of £4,760? QNO7 Find the output where profit be maximized for a firm with the total revenue and total cost functions TR = 52Q - Q^2, TC = 0.33Q^3 - 2.5Q^2 + 34Q + 4 QNO8 Find whether any stationary points exist for the following functions for positive values of q, and say whether or not the stationary points are at the minimum values of the function. AC = 345.6q^-1 + 0.8q^2 MC = 30 + 0.4q^2 TC = 15 + 27q - 9q^2 + q^3 QNO9 A monopoly faces the total revenue schedule TR = 300q - 2q^2 and the total cost schedule TC = 12q^3 - 44q^2 + 60q + 30. Are there two output levels at which MC = MR? If so, which is the profit maximizing output? QNO10 Find the profit-maximizing output for a firm with the total cost function TC = 4 + 97q - 8.5q^2 + 0.33q^3 and the total revenue function TR = 58q - 0.5q^2.

          QNO1 What output will maximize total revenue if TR = 250q - 2q^2?
QNO2 If a firm faces the demand schedule p = 90 - 0.3q, how much does it have to sell to maximize sales revenue?
QNO3 A firm faces the total revenue schedule TR = 600q - 0.5q^2
(a) What is marginal revenue when q is 100?
(b) When is total revenue at its maximum?
(c) What price should the firm charge to achieve this maximum TR?
QNO4 For the non-linear demand schedule p = 750 - 0.1q^2, what output will maximize the sales revenue?
QNO5 Show that TR is a maximum when q is 18 for the non-linear demand schedule p = 194.4 - 0.2q^2
QNO6 A firm faces the demand schedule p = 190 - 0.6Q and the total cost function TC = 40 + 30Q + 0.4Q^2.
(a) What output will maximize profit? 
(b) What output will maximize total revenue? 
(c) What will the output be if the firm makes a profit of £4,760?
QNO7 Find the output where profit be maximized for a firm with the total revenue and total cost functions TR = 52Q - Q^2, TC = 0.33Q^3 - 2.5Q^2 + 34Q + 4
QNO8 Find whether any stationary points exist for the following functions for positive values of q, and say whether or not the stationary points are at the minimum values of the function.
AC = 345.6q^-1 + 0.8q^2
MC = 30 + 0.4q^2
TC = 15 + 27q - 9q^2 + q^3
QNO9 A monopoly faces the total revenue schedule TR = 300q - 2q^2 and the total cost schedule TC = 12q^3 - 44q^2 + 60q + 30. Are there two output levels at which MC = MR? If so, which is the profit maximizing output?
QNO10 Find the profit-maximizing output for a firm with the total cost function TC = 4 + 97q - 8.5q^2 + 0.33q^3 and the total revenue function TR = 58q - 0.5q^2.

Added by Richard B.

Question

Please give Ace some feedback