# A firmβs short-run total cost function is ππΆ = π 2 β 3π + 500 The firm is a monopolist and the inverse demand function for its product is π = βπ + 105: Introduction to Mathematical Economics Assignment, UMS, Malaysia

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

Question 1:

A firmβs short-run total cost function is ππΆ = π 2 β 3π + 500. The firm is a
monopolist and the inverse demand function for its product is π = βπ + 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?

## 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.

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

##### CSC530 Fundamentals Of Multimedia Computing Assignment Example Malaysia
The course is designed to provide an integrated foundation from the fundamental aspects of human communications systems, technologies involved, and their limitations. It also provides you with information on forms…
Computer & It
##### Care Of Patients Undergone Procedure For Respiratory Disorders Essay Sample Malaysia
Patient care is an essential component of successful respiratory disorder treatment. The Care Of Patients Undergone Procedure For Respiratory Disorders course will raise awareness among medical professionals of the importance…
Essay Sample

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