the calculus of optimization, Managerial Economics

Assignment Help:
the demand for widgets(x) is given by:
px=160 -4x
the production of widget has the following average variable cost:
Avc=2x-20
fixed cost are 162
calculate the output level of widget that
a) maximizes total revenue
b) minimizes the average total cost(atc) of widgets
c) minimizes the total cost (tc) of widgets
d)maximizes profits

Related Discussions:- the calculus of optimization

Marris’ Growth Maximisation Model, #question.Constraints of Marris’ Growth...

#question.Constraints of Marris’ Growth Maximisation Model

Mba, what is third degree discrimination

what is third degree discrimination

Operating leverage, what is the relation between leverage and elasticity?

what is the relation between leverage and elasticity?

Per capita income and international comparisons, PER CAPITA INCOME AND INTE...

PER CAPITA INCOME AND INTERNATIONAL COMPARISONS Per capita income figures can also be used to compare the standards of living of different countries. Thus if the per capita in

Features of mixed economy, Features of this system The mixed economy i...

Features of this system The mixed economy includes elements of both market and planned economies.  The government operates and controls the public sector, which typically cons

Concept of isocost, The concept of isocost In the use of resources, fi...

The concept of isocost In the use of resources, firms are faced with opportunity cost.  For every addition of say capital, they must forego a unit of say labour. Expositio

Proportional tax, PROPORTIONAL TAX Is where whatever the size of incom...

PROPORTIONAL TAX Is where whatever the size of income, the same rate or same percentage is charged.  Examples are commodity taxes like customs, excise duties and sales tax.

Excise tax and its impact on manufacturing industry, excise tax and its imp...

excise tax and its impact on manufacturing industry with respect to demand and supply curves

Question, what is deadweight loss calculation?

what is deadweight loss calculation?

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