Call us demand function is q 70 ndash 025p mc 16q and, Business Economics

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Call us demand function is q 70 ndash 025p mc 16q and

Call Us demand function is Q = 70 – 0.25P; MC = 16Q and total fixed cost (TFC) is 22% of total revenue (TR) at the revenue maximizing level. (i) Derive the AFC (average fixed cost) at the profit maximizing level. (05 MARKS) (ii) What is the profit at the profit maximizing level?

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Business Economics: Call us demand function is q 70 ndash 025p mc 16q and

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