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

Financial management, Discuss the importance of dividend decisions

Discuss the importance of dividend decisions

Measures to control inflation, Measures to control inflation An inflat...

Measures to control inflation An inflationary situation can effectively be addressed/tackled if the cause is first and foremost identified. Governments have basically three

Slope of the demand curve and price elasticity, The elasticity of a demand ...

The elasticity of a demand curve is frequently judged by its appearance: the flatter the demand curve, the greater the elasticity and vice versa. However this conclusion is mislead

Econ600, 250 word essay: A New Hampshire resort offers year-round activitie...

250 word essay: A New Hampshire resort offers year-round activities: in winter, skiing and other cold-weather activities; in the summer, golf, tennis, and hiking. The resort’s oper

Methods of demand forecast, No demand forecasting method is 100% accurate. ...

No demand forecasting method is 100% accurate. Collective forecasts develop precision and reduce the probability of huge mistakes. Methods which relay on Qualitative Assessmen

What is the efficient level of the public good, Consider an economy with tw...

Consider an economy with two individuals. Individual 1 has (inverse) demand curve for a public good given by P1=60-2Q1, While individual 2 has (inverse) demand curve for the public

Collective bargaining, Collective bargaining Collective bargaining ...

Collective bargaining Collective bargaining refers to the whole process by which trade unions and employers (or their representatives) arrive at an enforce agreements. Tra

Mathematical approach to revenue and cost functions, A MATHEMATICAL APPROAC...

A MATHEMATICAL APPROACH TO REVENUE AND COST FUNCTIONS Recall that TR = P x Q This implies that P(AR) = TR Q For example, assuming

Maximizing profit in firm, how does knowledge of economics help in maximizi...

how does knowledge of economics help in maximizing profit in firm

Legal sanction - sources of monopoly, Legal Sanction: A monopoly as stated ...

Legal Sanction: A monopoly as stated above may be the result of a government sanction. The government of a country may legally permit a private monopoly or monopoly in the public s

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages