Search results

Thank you for ur reply. I followed it until u formed the first (Bp(B)). I understood the method to create u expected profit, its the natural/instinctive idea. Then it is maximal at a boundary or a max-turning point. My issue is then how to differentiate the equation. Using FTC I got...

This is gonna sound cheeky, but any chance you can explain your asnwer to this? I dont particually want a short-n-sweet answer, but more of 1 that i can then expand and explore myself :) Joe