Thanks for your help guys sorry I'm real bad at calculus so the terminology I use may be completely wrong.
I think I have worked out revenue maximization is this correct
MR = MC
900 - 2Q = 100
2Q = 800
Q = 400
At Q = 400,
(1000*400 – 400^2) – (50000 + 100*400)
= $150,000
P =...
so now that I have the 900Q - Q^2 - 50000
in differential calc that simplifies to 900Q - 2Q and i know how to work out quantity that is when you have to make the equation equal to 0
so 900 - 2Q = 0
Q = 450
then to get profit maximisation you have to put 450 back in the...
Im having trouble with this equation and not sure if my calculations are correct, i think i have worked out the profit maximisation correct but am unsure how to calculate the revenue maximisation1. Desktop Publishing Software Inc. develops and markets software packages for business computers...