Question
Question 4 Engineers in your company have determined that the cost of production of good X follows the function C = 45Q + 3Q 2
Question 4
Engineers in your company have determined that the cost of production of good X follows the function C = 45Q + 3Q2, where Q is output of X. In this industry, there are many competitors, making similar products, and each is currently charging a price of $195. How much output do you recommend your company should produce?
| a | Q = 9 | |
| b | Q = 15 | |
| c | Q = 25 | |
| d | Q = 45 |
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Managerial Economics And Financial Analysis
Authors: M.S. Bhat, A.V. Rau
1st Edition
9352300211, 978-9352300211
