A firm’s short-run total cost function is 𝑇𝐢 = π‘ž 2 βˆ’ 3π‘ž + 500 The firm is a monopolist and the inverse demand function for its product is 𝑝 = βˆ’π‘ž + 105: Introduction to Mathematical Economics Assignment, UMS, Malaysia

University Universiti Malaysia Sabah (UMS)
Subject Introduction to Mathematical Economics

Question 1:

A firm’s short-run total cost function is 𝑇𝐢 = π‘ž 2 βˆ’ 3π‘ž + 500. The firm is a
monopolist and the inverse demand function for its product is 𝑝 = βˆ’π‘ž + 105.

  • Β Find the most profitable level of output and the profits at that output.
  • Β When maximizing profit, does the firm produce at a minimum average cost?
  • Β Sketch the graphs of the inverse demand function, marginal revenue function, and marginal cost function with the same axes, showing the equilibrium price, MR and MC, and output.
  • Sketch the graphs of total cost and total revenue with the same axes, showing the equilibrium output and profits.

Question 2:

A firm owns a machine that when new produces annual outputs worth RM100,000.00. However, as the machine gets older its productivity falls due to wear and tear, and after 5 years its annual output will be worth only RM20,000.00. What is the average annual rate of depreciation?

Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.

Get Help By Expert

Can I pay someone to do my assignment? Sure, pay experts of Malaysia assignment help who can give you full assistance and write your Introduction to Mathematical Economics Assignment in a 100% plagiarism-free manner before the deadline of your university at a cheap price.

Answer

Recent Solved Questions

Online Exam & Assignment Writing Services

11770+ Orders Delivered

4.9/5
5 Star Rating

Confidential & Secure Assignment Help For

Group Assignment Help

Online Exam -Test & Quiz

Cheapest Price Quote

Diploma & Certificate Levels

Semester & FYP Papers

Summative & Individual

GBA & Reflective

Last Minute Assistance

Sample Assignment Download

ARK721 Computer-Aided Architectural Design II UITM Assignment Sample Malaysia
ARK721 Computer-Aided Architectural Design II is an advanced course that helps students hone their skills on the computer when it comes to designing a structure. This course focuses on a…
Assignment Sample
CSC118 Fundamentals Of Algorithm Development Assignment Sample UITM Malaysia
This course will be focusing on the development of algorithms and problem-solving. This class is designed to introduce students to a modular mindset, with an emphasis on analyzing problems given.…
Computer & It

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now

Get Assistance for Assignments, online Exam, and Projects Writing