Companys total variable cost function

Assignment Help Business Economics

Reference no: EM13859055

The Dijon Company’s total variable cost function is:

TVC = 50Q -10Q² + Q³

where Q is the number of units of output produced.

a. What is the output level where marginal cost is at minimum?

b. What is output level where average variable cost is a minimum?

c. What is the value of average variable cost and marginal cost at the output specified in the answer to part b?

Reference no: EM13859055

Questions Cloud

What is the mans estimated average blood glucose levels : Should the physician congratulate the man for wonderful glucose control and with a result of 13%, what is the man's estimated average blood glucose levels?

What might be kyles diagnosis : What might be Kyles diagnosis and as a nurse, what further assessments would you perform?

Explain the zero crossings on the bessel function graphs : Explain the significance of the zero crossings on the Bessel function graphs and how they can be used to provide information about an FM transmitter.

Important changes to the law of government programs : The affordable care act made important changes to the law of government programs and to the law of fraud and abuse. Please explain what changes were made and what programs this involved specifically.

Companys total variable cost function : The Dijon Company’s total variable cost function is: What is the output level where marginal cost is at minimum? What is output level where average variable cost is a minimum?

Create an annotated list of assessment materials : For this assignment, write an assessment paper in which you create an annotated list of assessment materials available for use in your school system to evaluate students for possible special education services

Demand for both goods double-utility function : Max has the utility function U(x, y) = x(y + 1). The price of x is $2 and the price of y is $1. Max’s Income is $11. How much x does Max demand? How much y? If his income doubles and prices stay unchanged, will Max’s demand for both goods double?

What event does douglass connect with his introduction : Why does Douglass have no knowledge of his birth date?

Write brief two-paragraph narrative that categorizes type : Write a brief two-paragraph narrative that categorizes the user type, identifies the category of PC (s) required, and summarizes your recommendations - Identify a specific operating system and version

User Account

All Pages