Call us demand function is q 70 ndash 025p mc 16q and, Ask an Expert

Economics

Call Us demand function is Q = 70 – 0.25P; MC = 16Q and total fixed cost (TFC) is 22% of total revenue (TR) at the revenue maximizing level. (i) Derive the AFC (average fixed cost) at the profit maximizing level. (05 MARKS) (ii) What is the profit at the profit maximizing level?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867125

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