Question
Please solve this economic question the total cost of manufacturing q 100 pencils is TC dollars where TC= 40+3q+q^2/1000+1/q Pencils are sold for $7 per
Please solve this economic question
the total cost of manufacturing q 100 pencils is TC dollars where TC= 40+3q+q^2/1000+1/q Pencils are sold for $7 per hundred. Show that the break-even quantity is the solution of the equation f(q)=q^3/1000-4q^2+40q+1=0
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
Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
