Estimate the maximum revenue and marginal costs, Microeconomics

The market demand function of a firm is given by

4P + Q - 16 = 0

And the AC function takes the form

AC = 4/Q + 2 - 0.3Q + 0.05Q2

Find the Q which gives:

(a)  Maximum revenue

(b)  Minimum marginal costs,

(c)  Maximum profit

Use the second derivative test in each case.

 

 

Posted Date: 4/5/2013 6:12:08 AM | Location : United States







Related Discussions:- Estimate the maximum revenue and marginal costs, Assignment Help, Ask Question on Estimate the maximum revenue and marginal costs, Get Answer, Expert's Help, Estimate the maximum revenue and marginal costs Discussions

Write discussion on Estimate the maximum revenue and marginal costs
Your posts are moderated
Related Questions

The Free Enterprise:  Price System The free market system is where the decision about what is produced is the outcome of millions of separate individual decisions made by cons

In markets, the invisible hand allocates resources efficiently a. in all cases b. when there are positive externalities, but not when there are negative externalities c. when there

please may you explain this concept

the prevention of major swings in economic activity cn be handled most easily by the financial or government sector?

types of demand

Question You are the COO at PineApple, a company that produces notebook computers for business people. The company has just developed a new model - Pbook. For production of P

is it just assumed that a monopoly graph is showing economic profit instead of accounting profit


when does price and output determined in the unregulated monopoly