The short-run cost function of a firm is as follows:

TC = 200 + 5Q + 2Q2
Where TC = Total Cost
Q = Physical units of the product of the firm
What would be the level of optimum output?

8 answers

Q=10p-3 and TC=2Q

Suppose the firm faces a demand curve for its product P=32-2q
And the firms costs of product
And marketing are C(q)
Find the following
A) the formula for profit in terms of Q
B) the maximum total revenue to be generated
C) the price and quantity that minimize total revenue and the correspondening value of total revenue.

student

Tc=40,000+300Q2-Q3

10

I want answers

1. Suppose the short run cost function of a firm is given by: TC=2Q3-2Q2+Q+10

2

Similar Questions

1. A firm produces a product in a competitive industry and has a short-run total cost function C(q) =4q2+16.a. Derive the supply
1. 1 answer
Construct a short-run supply function for a firm whose short-run cost function isC= = 0.04q^3 – 0.8q^2 +10q+5 3. The long run
1. 1 answer
1. Consider a pure monopolist with short-run total cost function given bySTC = 1000 +200 Q + 12.5 Q2. Suppose also that this
1. 1 answer
if C is give as 5Q^2+ 8Q+20find the tota cost, fixid cost, marginal cost, and variable cost is the firm with the above cost
1. 0 answers