If the production function function y = 2x at an input price Of (DR. 300 and a fixed cost of IDR. 5000 and an Output price of 10R-500. find: MPP, APP, AVC, AC, MC, AVP. MVP, MFC. describe the maximization of profit using the principle MVP = MFC or MR = MC

If the production function function y = 2x at an input price Of (DR. 300 and a fixed cost of IDR. 5000 and an Output price of 10R-500. find: MPP, APP, AVC, AC, MC, AVP. MVP, MFC. describe the maximization of profit using the principle MVP = MFC or MR = MC

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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