Given That P=P=50/√X calculate Total revenue?
and profit maximisation price and quantity.

Question

Given That P=P=50/√X calculate Total revenue?
and profit maximisation price and quantity.

anonymous · Answer

any one who can help me solve this?

anonymous · Answer

I really need help for this anyone?

jlastino · Answer

Can you rewrite the problem? I don't seem to figure out what needs to be done

anonymous · Answer

Given That P=50/√X calculate Total revenue? and profit maximisation price and quantity.Where P is the price.

jlastino · Answer

Are there given values for x?

anonymous · Answer

no.

jlastino · Answer

hmmm.. so you need to maximize the price...is this a calculus problem?

anonymous · Answer

yes

jlastino · Answer

Take the derivative (quotient rule)

sqrt(x)(0)-(1/2(sqrtx))(50)/(sqrtx)^2

P' =  -50/(2sqrt(x)*x)

anonymous · Answer

Jlastino can you help me solve this
firm producing hokey sticks has a production function given by Q=2√(K.L) Where: K= Capital inputs L= Labour inputs In the short run, the firm amounts of capital equipments is Fixed at K=100. The rental rate for capital is V=1.00 Shillings and the wage rate for L=4.00 shillings. Calculate the firms short run costs functions as well as the short run average costs Functions. What is the firms short run marginal costs.