rajender pal

This page lists questions and answers that were posted by visitors named rajender pal.

Questions

The following questions were asked by visitors named rajender pal.

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

Answers

The following answers were posted by visitors named rajender pal.

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