Practice Problem 3:

If fixed costs are 35, variable costs per unit are 2 and the demand function is

P=20-Q

obtain an expression for π in terms of Q and hence sketch its graph.

a) Find the levels of output which give a profit of 31
b) Find the maximum profit and the value of Q at which it is achieved.

Förlåt, men förstår ni nu varför jag inte hinner uppdatera min fina blogg? Jävla matte!
Jag lever i alla fall. Och har det bra. Men saknar Landskrona mer än jag kunde ana!

Puss!