How are you going to maximize a profit if the price is given as 3 – 25D? A. Differentiate the price, then multiply the demand and subtract the total costs. Set equal to 0. B. Use the profit formula, then differentiate the total costs. Set equal to 0. C. Subtract the total costs from total revenue then differentiate. Set equal to 0. D. Differentiate the total price then subtract the total costs. Set it equal to 0.
How are you going to maximize a profit if the price is given as 3 – 25D? A. Differentiate the price, then multiply the demand and subtract the total costs. Set equal to 0. B. Use the profit formula, then differentiate the total costs. Set equal to 0. C. Subtract the total costs from total revenue then differentiate. Set equal to 0. D. Differentiate the total price then subtract the total costs. Set it equal to 0.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter19: The Problem Of Adverse Selection
Section: Chapter Questions
Problem 3MC
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How are you going to maximize a profit if the price is given as 3 – 25D?
A. Differentiate the price, then multiply the demand and subtract the total costs. Set equal to 0.
B. Use the profit formula, then differentiate the total costs. Set equal to 0.
C. Subtract the total costs from total revenue then differentiate. Set equal to 0.
D. Differentiate the total price then subtract the total costs. Set it equal to 0.
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