se of MATHEMATICA (or of any other software) is recommended. Choose any of the projects and answer the question for your selected project at the end of this document.
1. Develop a 2D plot for demand versus the price.
2. Develop a 2D plot for average cost versus the quantity.
3. Compute the demand elasticity when price equal to 1.
4. Compute the marginal cost when the quantity is equal 1.
5. Develop theprofit function.
6. Develop 3D plot for profit function versus price and quantity.
7. Find the quantity that maximizes the total profit.
8. What is the price that maximizestheprofit?
9. What is the maximum profit?
solve on mathmatica program
December 28th, 2015 admin
solve on mathmatica program
December 28th, 2015 admin
se of MATHEMATICA (or of any other software) is recommended. Choose any of the projects and answer the question for your selected project at the end of this document.
1. Develop a 2D plot for demand versus the price.
2. Develop a 2D plot for average cost versus the quantity.
3. Compute the demand elasticity when price equal to 1.
4. Compute the marginal cost when the quantity is equal 1.
5. Develop theprofit function.
6. Develop 3D plot for profit function versus price and quantity.
7. Find the quantity that maximizes the total profit.
8. What is the price that maximizestheprofit?
9. What is the maximum profit?