SOLUTION: Given the cost function of a firm in perfectly competitive market TC=3Q2 + 12Q + 100 and the market prevailing price of the commodity is Br. 6 per unit A.calculate the profit

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Given the cost function of a firm in perfectly competitive market TC=3Q2 + 12Q + 100 and the market prevailing price of the commodity is Br. 6 per unit A.calculate the profit       Log On


   

Question 1086424: Given the cost function of a firm in perfectly competitive market
TC=3Q2 + 12Q + 100 and the market prevailing price of the commodity is Br. 6 per unit
A.calculate the profit maximizing level of output
B.determine the total fixed cost of the firm at the first and tenth unit of output
C.What is the AVC of the firm at the when the firm produces 3unit of out put?
D.Calculate the MC of producing the 4th unit of output
Answer by ikleyn(52750) About Me  (Show Source):
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