Find the equations for the Total Costs; Average Costs; and Marginal Costs.

B.) Find the optimal production level for the regarded company.

C.)Find the Total Revenue for the regarded company.

D.)Calculate the market share of the regarded company.

E.) Calculate the company's profit or loss (use both approaches). 

 

Transcribed Image Text:

Market Demand: Market Supply: Q = -6P + 7990 Qs = 74P-10 FC = 150 Fix Costs: Variable Costs: VC = 4q + 2q Market Demand: Market Supply: Q = -6P + 7990 Qs = 74P-10 FC = 150 Fix Costs: Variable Costs: VC = 4q + 2q

Answer rating: 100% (QA)

Sure based on the information given in the image we can find the following A Equations for Total Cost Average Cost and Marginal Cost Total Cost TC is ... View the full answer