Estimate the maximum revenue and marginal costs, Microeconomics

Assignment Help:

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.

 

 


Related Discussions:- Estimate the maximum revenue and marginal costs

What are the properties of indirect utility function, What are the properti...

What are the properties of indirect utility function? Properties of the indirect utility function: While u(x) is continuous and monotonic onto R L + and (p, m) > 0, the in

ADVANCE ECONOMICS, THERE IS PRESSURE ON THE CENTRAL BANK TO INCREASE MONEY...

THERE IS PRESSURE ON THE CENTRAL BANK TO INCREASE MONEY SUPPLY WHAT WOULD BE THE EFFECT ON THE MACROECONOMIC VARIABLE

Advertising budget, analyse the method by which a firm can allocate the giv...

analyse the method by which a firm can allocate the given advertising budget between different media advertisement?

managerial economics, IS INDIAN COMPANIES RUNNING A RISK BY NOT GIVING ATT...

IS INDIAN COMPANIES RUNNING A RISK BY NOT GIVING ATTENTION TO COST CUTTING?

What learning curve implies?, Learning curve implies:  1) The requiremen...

Learning curve implies:  1) The requirement of labor falls per unit.  2) Costs will be high at 1 st and then will fall with learning.  3) After eight years the labor requ

Property & contracts, Analyze the various ways in which property rights enc...

Analyze the various ways in which property rights encourage economic development and make at least one recommendation for improving current laws. Explain your rationale.

Explain the relationship between money supply and inflation, Problem 1: ...

Problem 1: a. Describe the term ‘inflation' and explain the relationship between money supply and inflation. b. Describe the conditions and processes that are associated wi

Theory of supply, how to make attractive assignment on theory of supply

how to make attractive assignment on theory of supply

Marginal physical product of labor, #q7. Problem-solving question: Use the...

#q7. Problem-solving question: Use the following data for a firm’s output at various levels of employment (L) to calculate: a) its marginal physical product of labor (MPPL) sched

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd