2022
2020
DSC1520-QUANTITATIVE
MODELLING I
SEMESTER 1
ASSIGNMENT 03 SOLUTIONS
ONLINE
Structural Engineer
M.Sc., B.Sc. Hons. Civil Engineering
(Moscow, Russia)
081 837 6138
, The demand function Q (P) and cost function C (Q) of a commodity are given by the
equations:
( )
where P and Q are the price and quantity, respectively.
The total revenue function TR in terms of P is
o a.
o b. ( )
o c.
o d.
( )
The demand function Q (P) and cost function C (Q) of a commodity are given by the
equations:
( )
where P and Q are the price and quantity, respectively.
What is the company’s profit function?
o a.
o b.
o c.
o d.
2020
DSC1520-QUANTITATIVE
MODELLING I
SEMESTER 1
ASSIGNMENT 03 SOLUTIONS
ONLINE
Structural Engineer
M.Sc., B.Sc. Hons. Civil Engineering
(Moscow, Russia)
081 837 6138
, The demand function Q (P) and cost function C (Q) of a commodity are given by the
equations:
( )
where P and Q are the price and quantity, respectively.
The total revenue function TR in terms of P is
o a.
o b. ( )
o c.
o d.
( )
The demand function Q (P) and cost function C (Q) of a commodity are given by the
equations:
( )
where P and Q are the price and quantity, respectively.
What is the company’s profit function?
o a.
o b.
o c.
o d.
