TFC virtual currency
Publish: 2021-04-27 07:23:30
1. It seems that there is something wrong with the data.
this is how to do it:
from q = 204-10p to P = (204-q) / 10
so total revenue LTR = PxQ = 20.4q-0.1q ^ 2
derivative: marginal revenue Mr = 20.4-0.2q
because it is a long-term equilibrium, Mr = MC
long-term total cost LTC = q3-6q2 + 30q + 40 derivative: MC = 3Q ^ 2-12q + 30
so 20.4-0.2q = 3Q ^ 2-12q + 30
solve the equilibrium Quantity Q
profit L = tr-tc, you can calculate it by substituting the calculated Q into the formula
this is how to do it:
from q = 204-10p to P = (204-q) / 10
so total revenue LTR = PxQ = 20.4q-0.1q ^ 2
derivative: marginal revenue Mr = 20.4-0.2q
because it is a long-term equilibrium, Mr = MC
long-term total cost LTC = q3-6q2 + 30q + 40 derivative: MC = 3Q ^ 2-12q + 30
so 20.4-0.2q = 3Q ^ 2-12q + 30
solve the equilibrium Quantity Q
profit L = tr-tc, you can calculate it by substituting the calculated Q into the formula
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