Can i have the clear written solution? Thank you! 1. (X.) Find the critical values, test the second-order condition, and calculate for maximumprofit.a) Under a perfectly competitive market: TR=14000-60' and TC-1500+800b) Under a monopoly: TR=14000-7.50 and TC=Q-60 +1400+750c) Demand function: P=30-20, No cost.

In economics, profit maximization refers to the short-run and long-run process by which a business…

1. (%) Find the critical values, test the second-order condition, and calculate for maximur profit. a) Under a perfectly competitive market: TR=14000-60' and TC-1500+800 b) Under a monopoly: TR-14000-7.50 and TC-Q-60 +1400+750 c) Demand function: P-30-20, No cost.

1. (%) Find the critical values, test the second-order condition, and calculate for maximur profit. a) Under a perfectly competitive market: TR=14000-60' and TC-1500+800 b) Under a monopoly: TR-14000-7.50 and TC-Q-60 +1400+750 c) Demand function: P-30-20, No cost.

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Can i have the clear written solution? Thank you!

1. (X.) Find the critical values, test the second-order condition, and calculate for maximum
profit.
a) Under a perfectly competitive market: TR=14000-60' and TC-1500+800
b) Under a monopoly: TR=14000-7.50 and TC=Q-60 +1400+750
c) Demand function: P=30-20, No cost.

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