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.
Chapter1: Making Economics Decisions
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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 =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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