Tc function, marginal revenue etc.

• Jul 15th 2011, 09:58 AM
vipin2987
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
• Jul 23rd 2011, 10:02 PM
CaptainBlack
Re: Tc function, marginal revenue etc.
Quote:

Originally Posted by vipin2987
2. The Total Cost function of a firm is given as \$\displaystyle TC= 35000 + 12x + 0.004x^2\$ , what is avg cost of producing \$\displaystyle 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 \$\displaystyle TC = 0.3x^2 + 2x + 8000\$, Total Revenue\$\displaystyle TR = 50x\$, find marginal cost function, marginal revenue function, maximum profit earning volume

4.Marginal revenue of a product is given by \$\displaystyle MR=500-0.01x\$ & marginal cost function is given by \$\displaystyle MC=100+0.006x\$ the fixed cost is Rs.150000 find the profit question.

please do help me out with these problems