Question
Ouroboros' total cost (TC) as a function of its production level q is given by the equation below: TC(q) = 2 2 12,000q + 30,000,000
Ouroboros' total cost (TC) as a function of its production level q is given by the equation below:
TC(q) = 2 2 12,000q + 30,000,000
How much is the fixed cost of production for Ouroboros?
If q=5,000, how much is the total cost for Ouroboros?
Evaluate the marginal cost for Ouroboros when q=3,000.
For this part, suppose that Ouroboros has two corporate customers. The first corporations' demand as a function of Ouroboros' price is given by () = 10,000 and the second corporation's demand function is given by () = 20,000 . Calculate Ouroboros' maximum possible profit level
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