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

Explain about frequency domain, Q. Explain about Frequency domain? Fre...

Q. Explain about Frequency domain? Frequency domain: Frequency domain is a term which is used to elucidate the domain for analysis of mathematical signals or functions with

Household, Household This refers to all the people who live under one ...

Household This refers to all the people who live under one roof and who make or are subject to others making for them, joint financial decisions. The household decisions are a

Prices of other goods must remain constant - law of demand, Prices of other...

Prices of other goods must remain constant Changes in the prices of other goods frequently impinge on the demand for a particular commodity. If prices of commodities for which

Salvatore, manual problems solution of demand theory

manual problems solution of demand theory

Estimating economic relationships, Estimating economic relationships M...

Estimating economic relationships Managerial economics estimates economic relationships between various business factors likeelasticity of demand, income, profit analysis, cos

Unemployment rate to the desired level, Suppose that the present level of i...

Suppose that the present level of income in the economy is $700 billion. It is determined that in order to decrease the unemployment rate to the desired level, it will be essential

Autonomous expenditure, Autonomous Expenditure Also called Exogenous e...

Autonomous Expenditure Also called Exogenous expenditure, is any expenditure that is taken as a constant or unaffected by any economic variables within our theory. For instan

ECONOMIC THEORY, How does economic theory contribute to managerial decision...

How does economic theory contribute to managerial decisions?

What is the significance of managerial economics, Significance of manageria...

Significance of managerial economics Industrial and Business enterprises aim at earning maximum proceeds. In order to attain this objective, a managerial executive has to take

Define aunifying and omniscient theme, Define Aunifying and omniscient them...

Define Aunifying and omniscient theme Aunifying and omniscient theme found in managerial economics is the attempt to achieve optimal results from business decisions whereas tak

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages