Business math project Speech or Presentation Example | Topics and Well Written Essays - 1500 words

Business math project - Speech or Presentation Exampled function implies that if the competitors come unneurotic into a merger, the resultant monopolist product may not have more brands than the merged firm may, because more brand competition is internal. Nevertheless, it is not credibly that just a single brand go away be developed after the competitors merger. Producing more brands with a wide range of determines and properties is one technique for time out up the market demand into sets of different clients with a variety of price elasticity, which also serves to stimulate the overall market demand. The monopolist product function is do up of the quantity or the number of brands in the market, the average cost per unit of the brands produced and the price or the value of the product brands. The questions will thus be solved by remarkting the prices in the Mathematica codes and then applying the demand function below to generate the 2 dimensional plotting of the first questi on. In the second question, the data input in Mathematica codes will be the quantity of products. In Question 3, the data input will be the same as in question 1 but will have a fixed price of 1 in calculating the demand elasticity. Question 4 will be hard-boiled in the same way as question 2 but will have a fixed quantity of 1 to calculating the fringy cost. Question 5 will calculate the profit function as the difference between the price and the marginal cost of the products. The sixth question will produce the 3D plots of the profit function, with two input variables, the prices and the product quantities. From this, it will be possible to locate the maximum profit to answer question 9, and strike the quantity and the price that produces it, to answer question 7 and 8 respectively.The study was successful in testing all the numerical questions presented. From the results generated, it was clearly evident that the price and the demand were inversely proportional. As the price i ncreased, the demand for the products was seen to be reducing. At the same