ECO404 Managerial Economics Assignment No. 2 Solution Fall 2015 Due Date February 09, 2016
ECO404 - Managerial Economics Assignment No. 2 Solution Fall 2015 Due Date February 09, 2016
SEMESTER FALL 2015
MANAGERIAL ECONOMICS (ECO404)
ASSIGNMENT NO. 02
Feb 9, 2016
PROBLEM # 1:
Maximize Profit (ð) = 14X + 9Y
Subject to the following constraints:
4X + 2Y + SA = 30
1X + 1Y + SB = 20
3Y + SC = 31
The corner points are given as:
Corner points X Y
PROBLEM # 2:
The Water and Power Development Authority (WAPDA) has recently published the following estimates of demand and supply relations for electricity:
D = 70,000 - 20,000P
S = 30,000P
price/output combination that will maximize profits for cartel members. (Note: As a cartel, industry MR=P=3.5 - 0.0001Q and MC=P=0.00003Q)
(Marks: 2.5 + 2.5)
PROBLEM # 3:
Following diagram shows the short run price and output determination under monopoly.
From the above diagram indicate profit maximizing output level, market price and average
cost at that level..
(Marks: 2 + 3)
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Please share the idea solution
Maximize Profit (ð) = 14X + 9Y
how to find x and y value any one can help ?
es dfa kese ny solutionnahi btaya
ghult bat hy. humein yahan pur to hel milni chahy speacily economics ky liy to
My solutions are as under
Corner Point X Y 14X+9Y Profit
A 6 0 14(6)+9(0) 84
Profit maximizing point is B
P = 1.4
Q = 42,000
Q = 26,923
P = 0.8077
Maximizing output level = 500
market price = $11
average cost = $8
Please let me know whether these are correct answers or or or or ???????
1st to correct hai , second and third ksy solve kia apny ?
2nd question kis lecture say hai ? please tell me
30,000P = 70,000-20,000P
30,000P+20,000P = 70,000
P = 1.4
With P=7 we can find the quantity demanded and the quantity supplied at the equilibrium price/output combination.
y=25 kaise aya?