Statistics Solutions

(Step-by-Step) Digital, Inc., is a manufacturer and distributor of blank computer disks for residential use. Revenue and cost relations are: TR= $4,500Q -

Question: Digital, Inc., is a manufacturer and distributor of blank computer disks for residential use. Revenue and cost relations are:

TR= $4,500Q - $0.1Q 2

TC= $2,000,000 + $1,500Q + $0.5Q 2

Where Q is the quantity produced and sold per week.

  1. Determine the profit maximizing price, output and profit. (Be sure to show that it is a maximum or a minimum, the second order condition)
  2. Determine the revenue maximizing price, output and profit. (Be sure to show that it is a maximum or a minimum, the second order condition)

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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