Choose the letter/s of the correct answer/s. How are you going to maximize a profit if the price is given as 3 – 25D? A. Differentiate the price, then multiply the demand and subtract the total costs. Set equal to 0. B. Use the profit formula, then differentiate the total costs. Set equal to 0. C. Subtract the total costs from total revenue then differentiate. Set equal to 0. D. Differentiate the total price then subtract the total costs. Set it equal to 0.
Choose the letter/s of the correct answer/s. How are you going to maximize a profit if the price is given as 3 – 25D? A. Differentiate the price, then multiply the demand and subtract the total costs. Set equal to 0. B. Use the profit formula, then differentiate the total costs. Set equal to 0. C. Subtract the total costs from total revenue then differentiate. Set equal to 0. D. Differentiate the total price then subtract the total costs. Set it equal to 0.
Chapter23: Profit Maximization
Section: Chapter Questions
Problem 3E
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Question
Choose the letter/s of the correct answer/s.
How are you going to maximize a profit if the price is given as 3 – 25D?
A. Differentiate the price, then multiply the demand and subtract the total costs. Set equal to 0.
B. Use the profit formula, then differentiate the total costs. Set equal to 0.
C. Subtract the total costs from total revenue then differentiate. Set equal to 0.
D. Differentiate the total price then subtract the total costs. Set it equal to 0.
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