Programme Code : MP
Course Code : ms-9
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Year : 2012 Views: 1047 Submitted By : manoj kumar On 20th September, 2012

Do you have solution for this Question. If yes    I aslo want solution.

Q.


Using the output - cost data of a pharmaceutical firm, the following total cost function was estimated using quadratic function:



TC= 2018 - 6.63Q + 0.011Q2



i) Determine average and marginal cost functions.



ii) Determine the output rate that will minimize average cost and the per unit cost at that rate of output.


No Answer Found