Question

Українською or in English, pls help i have an exam

Pr=TR-TC,

where TR is the total volume of tourism product production;

TS - general expenses;

FC - fixed costs;

VC - variable costs;

Q - volume of produced services;

R. - net profit of tourism business.

The conclusion is a comparison of revenues and profits at different

prices for the product (tourist ticket or tour).

Task 3. The cost function of a travel firm on the market of

travel services under conditions of perfect competition.

TC= Q²-Q+3

The market price for the company's products is

7 g. o. Find the volume of output that maximizes profit.

Methodical instructions for solving the task:

To solve the problem, fill in the table, substituting the

value of Q in the growth equation and trace the change of

all indicators and determine the optimal option for product

production to achieve maximum profit.

Q

TC

Pr

The best option is

in the largest indicator

profit (P.), which depends on the release of the product in a certain volume

(Pr → Qi).

Answer 1

Step-by-step explanation:

The formula for calculating profit (Pr) is given as follows:

Pr= TR - TC

Where TR represents the total volume of tourism product production, TS represents general expenses, FC represents fixed costs, VC represents variable costs, Q represents the volume of produced services, and R represents the net profit of the tourism business.

The objective of this formula is to compare revenues and profits at different prices for the tourism product, such as a tourist ticket or tour.

In Task 3, the cost function of a travel firm in a perfect competition market is provided as:

TC = Q² - Q + 3