Tc function, marginal revenue etc.
2. The TC function of a firm is given as TC= 35000 + 12x + 0.004x2 , what is avg cost of producing 5000 units. If the product is sold at a price of Rs.50 per unit, determine the no of units to be manufactured to maximize the profit. What is the total sale revenue at this level
3. Given Tc = 0.3x2 + 2x + 8000, TR = 50x, find marginal cost function, marginal revenue function, maximum profit earning volume
4.Marginal revenue of a product is given by MR=500-0.01x & marginal cost function is given by MC=100+0.006x the fixed cost is Rs.150000 find the profit question.
please do help me out with these problems
Re: Tc function, marginal revenue etc.
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Originally Posted by vipin2987