Mathematics, 17.04.2021 14:00 kolbehoneyman
A firm produces two goods in pure competition and has the following total revenue and total cost functions:
TR =P1Q1 +P2Q2 and
TC =2Q12 +Q1Q2 +2Q22
Where, P1 = 12 and P2 = 18.
Form the profit function and identity the critical valueQ1*.
Identity the critical value Q2*.
Construct the Hessian matrix and calculate the value of|H1|.
Calculate the value of |H2|.
Based on the values of Hessian, what can you say about the profit?
Answers: 2
Mathematics, 21.06.2019 13:30
In the equations, a and b represent the price per night for a room in hotel a and hotel b, respectively, w weeks after september 1 last autumn. what was the price per night in hotel a when it was equal to the price per night in hotel b? a = 240 − 20w b = 320 − 30w
Answers: 1
Mathematics, 21.06.2019 16:30
The temperature of chicken soup is 192.7°f. as it cools, the temperature of the soup decreases 2.3°f per minute. what is the temperature in degrees fahrenheit of the soup after 25 minutes? a. 27.3°f b. 57.5°f c. 135.2°f d. 250.2°f
Answers: 1
Mathematics, 21.06.2019 17:00
How do businesses a country's economy? a. by investing in goods and services b. by increasing the unemployment rate c. by making profits
Answers: 2
A firm produces two goods in pure competition and has the following total revenue and total cost fun...
English, 18.07.2019 23:00
English, 18.07.2019 23:00
Mathematics, 18.07.2019 23:00
History, 18.07.2019 23:00
English, 18.07.2019 23:00
Mathematics, 18.07.2019 23:00
Mathematics, 18.07.2019 23:00
Biology, 18.07.2019 23:00
Biology, 18.07.2019 23:00