Suppose that the production capacity for a certain commodity cannot exceed 30. If the total
profit for this commodity
Thus, at (15, 20,050) the total profit function has a relative maximum, but we must check the
endpoints (0 and 30) before deciding whether it is the absolute maximum.
In a monopolistic market, the seller who has a monopoly controls the supply of a
product and can force the price higher by limiting supply.
If the demand function for the product is p 5 f 1x2, total revenue for the sale of x units
is R1x2 5 px 5 f 1x2 # x. Note that the price p is fixed by the market in a competitive market
but varies with output for the monopolist.
If C 5 C 1x2 represents the average cost per unit sold, then the total cost for the x units
sold is C 5 C # x 5 Cx. Because we have both total cost and total revenue as a function of
the quantity, x, we can maximize the profit function, P1x2 5 px 2 Cx, where p represents
the demand function p 5 f 1x2 and C represents the average cost function C 5 C1x2
Suppose that the production capacity for a certain commodity cannot exceed 30. If the total
profit for this commodity
Thus, at (15, 20,050) the total profit function has a relative maximum, but we must check the
endpoints (0 and 30) before deciding whether it is the absolute maximum.
In a monopolistic market, the seller who has a monopoly controls the supply of a
product and can force the price higher by limiting supply.
If the demand function for the product is p 5 f 1x2, total revenue for the sale of x units
is R1x2 5 px 5 f 1x2 # x. Note that the price p is fixed by the market in a competitive market
but varies with output for the monopolist.
If C 5 C 1x2 represents the average cost per unit sold, then the total cost for the x units
sold is C 5 C # x 5 Cx. Because we have both total cost and total revenue as a function of
the quantity, x, we can maximize the profit function, P1x2 5 px 2 Cx, where p represents
the demand function p 5 f 1x2 and C represents the average cost function C 5 C1x2
การแปล กรุณารอสักครู่..
Suppose that the production capacity for a certain commodity cannot exceed 30. If the total
profit for this commodity
Thus, at (15, 20,050) the total profit function has a relative maximum, but we must check the
endpoints (0 and 30) before deciding whether it is the absolute maximum.
In a monopolistic market, the seller who has a monopoly controls the supply of a
product and can force the price higher by limiting supply.
If the demand function for the product is p 5 f 1x2, total revenue for the sale of x units
is R1x2 5 px 5 f 1x2 # x. Note that the price p is fixed by the market in a competitive market
but varies with output for the monopolist.
If C 5 C 1x2 represents the average cost per unit sold, then the total cost for the x units
sold is C 5 C # x 5 Cx. Because we have both total cost and total revenue as a function of
the quantity, x, we can maximize the profit function, P1x2 5 px 2 Cx, where p represents
the demand function p 5 f 1x2 and C represents the average cost function C 5 C1x2
การแปล กรุณารอสักครู่..