Posted by **snehavalli** on Monday, September 27, 2010 at 11:25pm.

Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue

b) maximizes profits

## Answer This Question

## Related Questions

- ECONOMICS - Q2) Given a firm’s demand function, P = 24 - 0.5Q and the average ...
- economics - 2. Given a firm’s demand function, P = 24 - 0.5Q and the average ...
- economics - 2. Given a firm’s demand function, P = 24 - 0.5Q and the average ...
- economics - 1. Given a firm’s demand function, P = 24 - 0.5Q and the average ...
- q - 2. Given a firm’s demand function, P = 24 - 0.5Q and the average cost ...
- engineering - Given a firm’s demand function, P = 24 - 0.5Q and the average cost...
- manaegerial economics - iven a firm’s demand function, P = 24 - 0.5Q and the ...
- MBA - 2. Given a firmï¿½s demand function, P = 24 - 0.5Q and the average cost ...
- managerial economics - firms demand function,p=24-0.54q and the average cost ...
- Managerial Economics - Consider the Linear demand function Q = 20 - 0.5P c- ...

More Related Questions