Thank you so much for the above solution, but I will be more grateful if you can help solve this question in particular. SBL Ltd decided on the 5th of February to start producing bottled water. By 14th March, SBL Ltd had put all the needed structures at a cost of ¢1000 and indicated a profit before operation to be - ¢1000.They reported that the cost of producing any of their product depends on the function 3Q + 0.004Q2. SBL Ltd further, indicated that additional product produced increases profit by a margin defined by 7 - 0.012Q. Determine;The total cost function of SBL LtdThe profit function of SBL LtdThe total revenue function of SBL Ltd (Hint: Profit = TR - TC)The output that maximizes the firm’s revenue.
the c) answer should be $1250. why 7500 ???
You are right
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Thank you so much for the above solution, but I will be more grateful if you can help solve this question in particular.
SBL Ltd decided on the 5th of February to start producing bottled water. By 14th March, SBL Ltd had put all the needed structures at a cost of ¢1000 and indicated a profit before operation to be - ¢1000.They reported that the cost of producing any of their product depends on the function 3Q + 0.004Q2. SBL Ltd further, indicated that additional product produced increases profit by a margin defined by 7 - 0.012Q. Determine;The total cost function of SBL LtdThe profit function of SBL LtdThe total revenue function of SBL Ltd (Hint: Profit = TR - TC)The output that maximizes the firm’s revenue.
I think your screen cannot be properly seen