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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Best of Luck!
kindly post the complete solution of all questions.
adeel baig sb kindly send complete solution of all three problems
Yes please all are waiting.
aik to economics smj nahi ati or phir yhan pur double minded. pehly yahan pur or solution tha . ab zarwa ny change soultion show kurwaya hy
kon sa solution theek hy. koi btay gaaaaaaaaaaa????????????/ i think zarwa ka soultion is best according to handouts???
According to handout page 151 to shakeel Bhai ka solution theek lg rha hy. Zrwa k solution ki Problem 1 samjh nhin aa rhi .. 2 se multiply keun kia ?
Prblem 2 mein P=1.4 kysy aaya ??