Solved: Suppose that total revenue 100q and total cost 30 50q, Microeconomics

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Suppose that total revenue 100q and total cost 30 50q

The total profit of a firm is given by

Profit = Total Revenue – Total Cost

Suppose that Total Revenue = 100Q and Total Cost = 30 + 50Q where Q, the quantity sold, is a random variable with expected value 20 and variance 4.

What is the standard deviation of total profit?

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Microeconomics: Suppose that total revenue 100q and total cost 30 50q

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Solution Preview :

Prepared by a verified Expert

Microeconomics: Suppose that total revenue 100q and total cost 30 50q

Reference No:- TGS0642289

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Solution Preview :

Prepared by a verified Expert

Microeconomics: Suppose that total revenue 100q and total cost 30 50q

Reference No:- TGS0642289

Recent Questions Asked Microeconomics

Q : An object 500 mm tall is placed 600 cm to the left of a

Q : Pam gregg is expecting cash flows of 50000 75000 125000 and

Q : A 120 v rms ac power supply that delivers 05 a rms current

Q : Assume that the interest rate is 8 and the income tax rate

Q : Suppose that total revenue 100q and total cost 30 50q

Q : Calculate the dollar figures from the percentages given and

Q : The company has no debt now and has 1 million outstanding

Q : A typical coal-fired plant generates 1000 megawatts of

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