A transport company plans to ferry tourists between Delhi and Simla. It has its cost function estimated

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A transport company plans to ferry tourists between Delhi and Simla. It has its cost function estimated as given below:

TC = 100 + 50 N + 4 N 2 where N denotes number of passengers per day.

Find (

a) the average cost function; (

b) number of passengers per day that minimizes the average cost.

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Managerial Economics

ISBN: 9789325986688

8th Edition

Authors: D N DWIVEDI

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Question Posted: Oct 07, 2024 04:01 AM

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A transport company plans to ferry tourists between Delhi and Simla. It has its cost function estimated

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Managerial Economics

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