Group Project MATH 221, Spring 2015.

Group Project MATH 221, Spring 2015.

Instructions
? Students are required to organize themselves in group.
? Once organized, the group members HAVE to sign-up in the groups created on Blackboard. The group number should correspond to the project number (you select from the list below). For example, the students who select project one should sign-up in group one on blackboard.
? The Group size can be up to a maximum of 5 students.
? Each group is required to select a project from the following list.
? Only one group can work on a specific project (in other words, two groups CANNOT work on the same project).
? All projects are subject to the same set of questions listed at the end.
? The report on the project shall be due one week before the end of classes.
? Please follow the schedule below:
Deadline:
Thursday, May 28th , 2015
Submission location:
Blackboard AND hard copy submission
Submission format:
1. Use the provided template
2. Printed report
3. Word file
Group size
Max. 5
Projects List
Project #1: The demand function for a monopolist’s product is ??=700-2?? and the average cost per unit for producing ?? units is ??¯=??+100+ 1000?? , where ??= price, and ??= quantity demand.
Project #2: Consider the demand function is ??=10000-80?? and the total cost function is ??=0.004 ??3+20 ??+5000.
Project #3: The demand function for product is ??=-??+108 and the total cost per unit for producing ?? units is ??=3??2+8??+300 , where ??= price, and ??= quantity demand.
Project # 4: The demand function for product is ??=-5??+4500 and the total cost per unit for producing ?? units is ??=3??2+300??+20000 , where ??= price, and ??= quantity demand. Project # 5: Suppose that the cost function for a product is given by ??(??)=0.05??2-10??+1000. The demand function for product is ??=-5??+200.
Project #6: Suppose that the dollar cost of producing q appliances is ??(??)=500-100??+0.4??2 and the demand function is given by =20-0.02?? .
Project #7: Suppose that the dollar cost of producing q appliances is ??(??)=1500-90 ??+0.3??2 and the demand function is given by ??=25-0.02??
Project #8: The demand function for a monopolist’s product is ??=800-?? and the average cost per unit for producing ?? units is ??¯=??+100+ 500?? , where ??= price, and ??= quantity demand.
Project #9: The demand function for a monopolist’s product is ??=800-10?? and the average cost per unit for producing ?? units is ??¯=??+10+ 1100?? , where ??= price, and ?? = quantity demand.
Project #10: The demand function for a monopolist’s product is ??=800-10?? and the average cost per unit for producing ?? units is ??¯=??+100+ 1300?? , where ?? = price, and ?? = quantity demand
Questions
Use of MATHEMATICA software is recommended . Choose any of the projects and answer the question for your selected project at the end of this document.
1. Develop a 2D plot for demand versus the price.
2. Develop a 2D plot for average cost versus the quantity.
3. Compute the demand elasticity when price equal to 1.
4. Compute the marginal cost when the quantity is equal 1.
5. Develop the profit function.
6. Develop 3D plot for profit function versus price and quantity.
7. Find the quantity that maximizes the total profit.
8. What is the price that maximizes the profit?
9. What is the maximum profit?

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency

Order your essay today and save 10% with the discount code tCPCOVID10