5SSPP232 MATHEMATICS FOR ECONOMICS 1. Suppose that a pro…t maximising …rm can sell as many pencils as it likes at a price p > 0: Its pro…t function is gi ven by: (q) = qp wq2 where w > 0 . (a) How much output will the …rm produce? The FOC is p 2wq = 0:
Read More
