Asked by Ruthny Bonnet on Jun 01, 2024

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if the demand for pigeon pies is given by p(y)  140  y/4, then the level of output that will maximize Peter's profit is

A) 56.
B) 560.
C) 284.
D) 840.
E) None of the above.

Pigeon Pies

Traditional British pies made with pigeon meat, often served as a game dish.

Output

The aggregate production of merchandise or services by a corporation, sector, or economy.

Profit

The financial gain obtained when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

  • Deduce the apex of profitability in diverse scenarios related to production and costs.
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SD
Saksham DhawanJun 05, 2024
Final Answer :
E
Explanation :
The given demand function is not clearly stated due to formatting issues, making it impossible to accurately determine the level of output that maximizes profit without the correct functional form of the demand.