What value maximizes revenue per member of the profession


Problem

Consider a profession with n members and revenue determined by r = bn - [½]n2. What value of n maximizes total revenue? What value maximizes revenue per member of the profession? If the benefit from the profession is vn, what is the ancient membership? Contrast these three membership levels.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

Request for Solution File

Ask an Expert for Answer!!
International Economics: What value maximizes revenue per member of the profession
Reference No:- TGS02099379

Expected delivery within 24 Hours