Question

Suppose the price is $6. What is the Quantity Supplied? 400 Numeric ResponseEdit Unavailable Suppose the Quantity Supplied is 200. What must the price be? 4 Numeric ResponseEdit Unavailable Suppose the price is $5 resulting in a Quantity Supplied of 300. Then the price falls to $4. What is the new Quantity Supplied?

          Suppose the price is $6. What is the Quantity Supplied?
400 Numeric ResponseEdit Unavailable

Suppose the Quantity Supplied is 200. What must the price be?
4 Numeric ResponseEdit Unavailable

Suppose the price is $5 resulting in a Quantity Supplied of 300. Then the price falls to $4. What is the new Quantity Supplied?
        
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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Suppose the price is $6. What is the Quantity Supplied? 400 Numeric ResponseEdit Unavailable Suppose the Quantity Supplied is 200. What must the price be? 4 Numeric ResponseEdit Unavailable Suppose the price is $5 resulting in a Quantity Supplied of 300. Then the price falls to $4. What is the new Quantity Supplied?
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Transcript

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00:01 Hello students, in this question we need to find out the price so that profit will be the maximum.
00:05 Now profit function is modeled by an equation profit p of x is equal to x into 2000 minus 300x minus 5 into 2000 minus 300x therefore p of x will be equal to 2000x minus 300x square minus 1000 10 ,000 plus 1500x.
00:34 Simplifying this we get p of x is equal to minus 300x square plus 3500x minus 10 ,000.
00:48 Now differentiating this with respect to 0 we get with respect to x we get dp by dx is equal to minus 600x plus 3500...
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