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    mian635's Avatar
    mian635 Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 8, 2010, 02:26 AM
    the profit maximizin outputand maximum amount of profit
    a single product firm operating ina perfectly competitive markethas the following total cost function:
    C= Q³- 5/2 Q²+2Q+5
    given that market price per unit of output Rs. 10.00 find

    the firm's profit function?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Mar 8, 2010, 02:57 AM
    c= q³- 5/2 q²+2q+5

    c = 1000 - 250 + 10 +5

    c = 765

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