Question #273636

π1= -Q²+17Q-42 π2 = -Q²+16Q-38, at what level of output will profit be zero?


1
Expert's answer
2021-12-03T13:04:31-0500

Given; π1= -Q²+17Q-42 π2 = -Q²+16Q-38


The output will zero when δπδQ=0\frac{\delta\pi}{\delta Q}=0


For π1= -Q²+17Q-42


δπδQ=2Q+17\frac{\delta\pi}{\delta Q}=-2Q+17


Q=172=8.5Q=\frac{17}{2}=8.5


For π2 = -Q²+16Q-38;

δπδQ=2Q+16\frac{\delta\pi}{\delta Q}=-2Q+16


Q=162=8.0Q=\frac{16}{2}=8.0



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