Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A catering firm has a fixed cost of 819 units and a variable cost of 22 + 9Q per unit where Q denotes the output.
A catering firm has a fixed cost of 819 units and a variable cost of 22 + 9Q per unit where Q denotes the output. Find the value of Q if the marginal cost is 81.
Note: write your answer rounded to one decimal position.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started