Question
Average Cost-Minimization. Pharmed Caplets is an antibiotic product with monthly revenues and costs of: TR = $900Q - $0.1Q2 TC = $36,000 + $200Q +
Average Cost-Minimization. Pharmed Caplets is an antibiotic product with monthly revenues and costs of:
TR = $900Q - $0.1Q2 TC = $36,000 + $200Q + $0.4Q2
MR = TR/Q = $900 - $0.2Q MC = TC/Q = $200 + $0.8Q
C. Determine these profit-maximizing and average-cost minimizing price/output combinations analytically. In other words, use revenue and cost equations to confirm your answers to part B.
D. Compare the profit-maximizing and average-cost minimizing price/output combinations, and discuss any differences. When will average-cost minimization lead to long-run profit maximization
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Forex Analysis And Strategies For Day Traders Profitable Investing With Currency Swaps Hedges And Scalps For Both Beginning And Advanced Traders
Authors: Steve Alkandros
1st Edition
1545117039, 978-1545117033
