(Answered) Sppose you are given the following total cost functiontc

Management Studies

Suppose you are given the following total cost function:

TC = 2000 + 15Q - 6Q² + Q³ , where Q = units of output:

Using this function,

How much is TFC at an output of 2000 units? At 5000 units?

How much is AFC at an output of 2000 units? At 5000 units?

How much is AVC at an output of 20 units?

How much is MC at an output of 20 units?

How much is ATC at an output of 20 units?

At approximately what output rate is the point of diminishing marginal returns to variable input encountered?

At approximately what output rate does diminishing average returns begin?

At approximately what rate of output does stage II begin?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92043071
Price:- $30

Verified Expert

Priced at $60 Now at $30, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Quantitative analysis for managerswhat is the essence of

Quantitative Analysis for Managers What is the essence of Decision Theory? How can the concept of decision theory be used in business, personal or academic activities?

Wholemark is an internet order business that sells one

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.95 per card, and the cost of printing is $0.40 per card. The com ...

The data below contains data for the country of chelsea the

The data below contains data for the country of Chelsea. The base year is 1974. Year. Nominal GDP. GDP Deflator. 1974 $2000 100 1975 $3000 120 1976 $3750 150 1977 $6000 200 a) What is the real GDP in 1975? b) From 1976 t ...

Information systemsdirections answer the following if you

Information Systems Directions : Answer the following: If you were asked to develop a logical model of the registration system at a school, would it be better to use a top-down or bottom-up approach? Explain your reasoni ...

What do you think facebooks social responsbility should be

What do you think Facebook's social responsbility should be to its users and the communitites that is serves?

What value to your future career in business is supported

What value to your future career in business is supported by research, analysis and communication (writing and speaking)?

When shane and liz bought their house in 2012 they added a

When Shane and Liz bought their house in 2012 they added a number of items to their property including: A shade-cloth over their large swimming pool; A clothes dryer in the utility room; A dish washer in the kitchen; Bli ...

What is the strategy adopted by breadtalk are they

What is the strategy adopted by BreadTalk? Are they succeeding or failing? Why?

Consider two computer companies - orange and ph - that

Consider two computer companies - Orange and PH - that report current sales receipts of $323 million and $294 million, respectively. Their cur-rent operating expenses were $150 million each. Orange issued $5 million in n ...

There are hundreds of sample business requirement templates

There are hundreds of sample business requirement templates and examples on-line. Search, pick two and discuss what you like, what you do not like, and how you would change them. Be sure to include links in your answers.

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert