Question
A firm has analysed there operating conditions, prices and costs and have developed the following function: Revenue R(shs) = 400-4Q Cost C(shs) = Q
A firm has analysed there operating conditions, prices and costs and have developed the following function: Revenue R(shs) = 400-4Q Cost C(shs) = Q + 10Q + 30 Where Q is the number of units sold. Required: The firm wishes to maximize profit and wishes to know: a) What quantity to be sold b) At what price c) What will be the amount of profit (5 Marks) (5 Marks) (5 Marks)
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
8th edition
78025745, 978-0078025747
