#HELP: Not even albert Einstein can solve this

47 messages · Page 1 of 1 (latest)

latent narwhal
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need help

sand hamletBOT
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  1. Ask your question and show the work you've done so far. If you've posted a screenshot of a question, specify which part you need help with.
  2. Wait patiently for a helper to come along.
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    +close
    
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  5. Do not ping the mods, unless someone is breaking the rules.
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latent narwhal
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not even sure what step 1 is

craggy glacier
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What is marginal revenue and marginal costs?

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Answer these questions first, then you can start thinking on the problem

latent narwhal
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need help, someone please

craggy glacier
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Do you know what th terms mean?

latent narwhal
craggy glacier
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Then go and see what they mean

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Of course you don't know how to solve the problem because you don't understand what the question asks

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Go see what they mean

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Then see what the question asks

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Then try your best

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and then ask for help

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I can help you with the math but I don't know economical terms

latent narwhal
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on YouTube?

latent narwhal
craggy glacier
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Ye

latent narwhal
craggy glacier
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After you work on the problem with your best then shows what you worked so far and then we will help you

stoic gulch
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@latent narwhal bruv this is econ

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Not maths

latent narwhal
craggy glacier
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What does marginal revenue and marginal costs mean?

craggy glacier
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So the marginal revenue and the marginal costs are the derivatives of the total revenue and total cost?

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@unique karma

unique karma
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hi

craggy glacier
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Why is the marginal cost 100$?

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isn't 100$ the cost of one unit?

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is that what it means?

latent narwhal
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yes

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total revenue is price * quantity

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so after I worked out P

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I multiplied it by Q

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to get 50Q-0.5Q^2

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But idk what to do next

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i think the answer is B

stoic gulch
stoic gulch