Question
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?
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?
Answers
Habib
Q=10p-3 and TC=2Q
Anonymous
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.
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.
mohammed
student
anbsa anbesa
Tc=40,000+300Q2-Q3
Anju
10
Ab desu
I want answers
Anonymous
1. Suppose the short run cost function of a firm is given by: TC=2Q3-2Q2+Q+10
2