Question

1. Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q,
calculate the level of output Q which
a) maximizes total revenue b) maximizes profits

Answer 1

. Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q,
calculate the level of output Q which
a) maximizes total revenue b) maximizes profits

Answer 2

. Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits
4. Discuss how resistance to change could be managed in an organization. Briefly describe with reference to an organization how change was managed successfully. Briefly describe the organization you are referring to.
5. Briefly describe the competencies required for a change agent and discuss the diverse roles of a change agent.
5. A sample of 48 tools produced by a machine shows the following sequence of good (G) and defective (D) tools:
G G G G G G D D G G G G G G G G
G G D D D D G G G G G G D G G G
G G G G G G D D G G G G G D G G
Test the randomness at the 0.05 significance level.

Answer 3

2. Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q

Answer 4

1. Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue
b) maximizes profits

Answer 5

. Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue
b) maximizes profits