Project 8 Speech or Presentation Example | Topics and Well Written Essays - 1250 words

Project 8 - Speech or Presentation ExampleThese parameters generate secondary parameters such as thoroughgoing cost, total revenue, average cost, and marginal revenue. All of them atomic number 18 interrelated. This assignment studies the interrelationship of these parameters apply two equatings inverse demand and average cost. The inverse demand equation is represented by p = 800 q and the average cost equation is expressed by c = q + 100 + 500/ q. The following sections present the interdependency of the above-named primary and secondary parameters of the price and demand relationship.The inverse demand equation is p = -q + 800. Therefore, the demand equation is q = - p + 800. This equation is coded in the Mathematica program to remove the 2D plot of the demand curve. The plot is drawn on the q-p plane where q is independent variable metre and p is the dependent variable demand. The plot is shown in Figure 2.Given Inverse demand function is p= -q + 800 therefore, Demand func tion is q = -p + 800. The formula for the calculation of Elasticity of demand is E = = *d(-q+800)/dq. This formula is coded in the Mathematica , which are shown below. The demand elasticity for price, p =1 is E = -1/799. Since E Given average cost function, AC = q + 100 + 500 / q. For total quantity q, the total cost function is TC = (q+100+500/q)*q= q2 + 100q + 500. Marginal cost, MC is the tangent to TC function, which is expressed as The MC function get out be expressed through q variable. The solution is MC = TC1. The solution is coded in Mathematica, which are shown below.We use the 3D profit function, f(3D) = pq - q2 -100 q - 500. In this equation, p and q are independent variables. At the same time, for a given value of p there is a specific value of q. We find the values of q for p using p = - q + 800 equation. We assign p from 1 to 10 with interval 1. The 3D function and their arguments are coded in Mathematica. We have included a table of 3D = f (p, q)