homogeneous functions in economics . homogeneous of degree one meaning.

[@jebasamihaahmed1883]

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[@UPSC-k9h]

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[@UPSC-k9h]

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[@prayagraj7600]

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[@ECONMATHS]

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[@amitvishwakarma6208]

Consider A Firm facing the demand schedule P = 190 - 0.6q and the total cost function
TC = 40 + 30q + 0.4q2
a) What output will maximize profit? (5)
b) What output will maximize total revenue? (3)
c) What will the output if the firm makes the profit of Rs. 4,760
Yeh solve kar do plz

[@ECONMATHS]

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[@amitvishwakarma6208]

Consider A Firm facing the demand schedule P = 190 - 0.6q and the total cost function
TC = 40 + 30q + 0.4q2
a) What output will maximize profit? (5)
b) What output will maximize total revenue? (3)
c) What will the output if the firm makes the profit of Rs. 4,760
Yeh solve kar do

[@ECONMATHS]

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