the demand for widgetsx is given by px160


the demand for widgets(x) is given by:
px=160 -4x
the production of widget has the following average variable cost:
Avc=2x-20
fixed cost are 162
calculate the output level of widget that
a) maximizes total revenue
b) minimizes the average total cost(atc) of widgets
c) minimizes the total cost (tc) of widgets
d)maximizes profits

Request for Solution File

Ask an Expert for Answer!!
Managerial Economics: the demand for widgetsx is given by px160
Reference No:- TGS0413445

Expected delivery within 24 Hours