(Answered) You are given the following cost functiontc80q--4q201q3a

Management Studies

You are given the following cost function:

TC=80Q--4Q^2+0.1Q^3

a. Derive the average variable cost, average cost, and marginal cost equations.

b. Over what range of output does economies of scale exist? Diseconomies of scale?

c. If the price of the product is $40/unit, how many units of output should the firm produce?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M93129161
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

What are some benefits of value chain management how do

What are some benefits of value chain management? How do these benefits add value to various stakeholders? How can these benefits be enhanced? Why is global value chain management very important in our current world of r ...

What could be potential barriers to communication with

What could be potential barriers to communication with clients? How can you deal with those barriers?

Inc 409661 2796 pop INC = 40966.1 + 2.796 POP' sample size = 400

INC = 40966.1 + 2.796 POP' sample size = 400 (se) (545.8) (.2796); R 2 = .2468 1. Where INC is the income in millions of dollars and POP the population in millions of people. Provide an ...

Use state-transition testing to solve the following testing

Use state-transition testing to solve the following testing problem. In a course registration system, students can register for a given course when the course is in the open state. At the end of the registration period, ...

Consider the following cournot oligopolythere are two

Consider the following Cournot oligopoly: There are two identical firms in the industry, which set their quantities produced simultaneously. The two firms face a market demand curve, Q = 120 - P, in which Q = q1 + q2. Ea ...

Organisational changeassessment activity case study amp

ORGANISATIONAL CHANGE ASSESSMENT ACTIVITY: CASE STUDY & POWERPOINT PRESENTATION BRIEF As a business management consultant, one of your specialities is to act as a ‘Change Agent' which is a person who plans and implements ...

1 the absence of a formal code of conduct in the

1. The absence of a formal code of conduct in the company 2. Become aware of a certain lack of integrity of the management 3. The overstatement of revenue by bill and use of company cars for private purposes by the compa ...

How global management perspective course benefit your

How Global Management Perspective course benefit your personal and/or professional development? What did you find most beneficial about the course?

Why do organizations so frequently overlook the on-boarding

Why do organizations so frequently overlook the on-boarding of new employees?

Programming assignment 1 a prime number is a positive

Programming Assignment 1: A prime number is a positive integer evenly divisible by exactly two positive integers: itself and 1. The first five prime numbers are 2, 3, 5, 7, and 11. Sometimes two consecutive odd numbers a ...

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