Question: A rms cost function is C(q)= :10 + 2q +91 and it sells units at a price of $40 per unit, q denotes the number

A rms cost function is C(q)= :10 + 2q +91 and

it sells units at a price of $40 per unit, q denotes

A rms cost function is C(q)= :10 + 2q +91 and it sells units at a price of $40 per unit, q denotes the number of units. What is the prot-maximising number of units? Type your answer to the closest whole number

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

URGENT ANSWERS NEEDED HELP PLEASE! Q1-PoMA Ltd uses the Economic Order Quantity Model to determine order quantities. The following information is given for the next year: Order costs 20 per order...

Q:

this is a final review in the attachment. I know how to do most of it but just want to compare the results. 1. Use the following information to determine the gross margin for Pacific States...

Q:

this is a final review in the attachment. I know how to do most of it but just want to compare the results. 1. Use the following information to determine the gross margin for Pacific States...

Q:

Calendar X VA Final Exam Review - 1320 - M X Course Hero x + C webassign.net/web/Student/Assignment-Responses/submit?dep=25947248&tags=autosave#question4916124_21 A :: Apps M SIMnet - Keep IT......

Q:

You are the manager of a firm that sells its product in a competitive market at a price of'iOO. Your rm's cost function is C = 40 + 502. The protmaximizing output for your rm is Multiple Choice 0 .0....

Q:

Q1. Allowance for Doubtful Accounts is a contra-equity account. a. true b. false Q2. After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of...

Q:

HI, I want to ask how to answers this? i cant find the answers and not so understand. please help me i have class on thursday BAMS2923 STATISTICAL ANALYSIS FOR BUSINESS Tutorial 4 (CORRELATION AND...

Q:

HI, I want to ask how to answers this? i cant find the answers and not so understand. please help me i have class on thursday BAMS2923 STATISTICAL ANALYSIS FOR BUSINESS Tutorial 4 (CORRELATION AND...

Q:

HI, I want to ask how to answers this? i cant find the answers and not so understand. please help me i have class on thursday BAMS2923 STATISTICAL ANALYSIS FOR BUSINESS Tutorial 4 (CORRELATION AND...

Q:

ng.cengage.com C Bb Homework (Ch 15) - 2022SP Prin of Micr... MindTap - Cengage Learning Mail - Jade Olivia Cowan - Outlook of Mail - Jade Oli CENGAGE | MINDTAP Q Search Homework (Ch 15) 2....

Q:

Prostheses Industries operates two factories. The manufacturing operation of Factory 1 is machine intensive, while the manufacturing operation of Factory 2 is labor intensive. The company applies...

Q:

Wellman Corporations budgeted balance sheet for the coming year shows total assets of $4,650,000 and total liabilities of $1, 900,000. Common stock and retained earnings make up the entire...

Q:

a The nth term expression of a sequence is 2n 1 Work out the first three terms and the tenth term of the sequence. b Work out the nth term expression for the sequence 7, 10, 13, 16,

Q:

QUESTION 2 As the project manager responsible for overseeing the reconfiguration of engineering systems for Rain South Africa, you have identified that the existing processes are leading to quality...

Q:

1. Too reflect on self-management

Q:

Food supply

Q:

What is to be achieved for the individual is based on the companys needs.