1. Questions

Economics

The short-run cost function of a firm is as follows:
TC = 200 + 5Q + 2Q2
Where TC = Total Cost
Q = Physical units of the product of the firm
What would be the level of optimum output?

  1. 👍
  2. 👎
  3. 👁
Shiv

  1. Q=10p-3 and TC=2Q

    1. 👍
    2. 👎
    Habib

  2. Suppose the firm faces a demand curve for its product P=32-2q
    And the firms costs of product
    And marketing are C(q)
    Find the following
    A) the formula for profit in terms of Q
    B) the maximum total revenue to be generated
    C) the price and quantity that minimize total revenue and the correspondening value of total revenue.

    1. 👍
    2. 👎
    Anonymous

  4. student

    1. 👍
    2. 👎
    mohammed

  5. Tc=40,000+300Q2-Q3

    1. 👍
    2. 👎
    anbsa anbesa

  6. Tc

    1. 👍
    2. 👎
    Mesere

  8. 10

    1. 👍
    2. 👎
    Anju

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