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AR Q 4- The average cost and average revenue functions for a particular brand of mobile phone are given by the equation AC = 8000 15+ and AR - 25 (a). Write down the equations for the TR, TC, MR, MC. (b). How many mobile phones must be made and sold to break even? (c). Write down the equation of the profit function.

AR Q 4- The average cost and average revenue functions for a particular brand of mobile phone are given by the equation AC = 8000 15+ and AR - 25 (a). Write down the equations for the TR, TC, MR, MC. (b). How many mobile phones must be made and sold to break even? (c). Write down the equation of the profit function.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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128 AR Q 4- The average cost and average revenue functions for a particular brand of mobile phone are given by the equation AC =15+ 8000 and AR = 25 (a). Write down the equations for the TR, TC, MR, MC. (b). How many mobile phones must be made and sold to break even? (c). Write down the equation of the profit function. Page 183 HW Work Book for QM4B (BUSN2402)
Transcribed Image Text:128 AR Q 4- The average cost and average revenue functions for a particular brand of mobile phone are given by the equation AC =15+ 8000 and AR = 25 (a). Write down the equations for the TR, TC, MR, MC. (b). How many mobile phones must be made and sold to break even? (c). Write down the equation of the profit function. Page 183 HW Work Book for QM4B (BUSN2402)
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