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04-09-2008, 09:20 AM
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| Managerial Economics?
I am a librarian and a part time MBA student. From this session I need to study managerial economics. This subject feels good, not arrogant. But I got an assignment relating to find cost. I am very poor in quantitative aptitude. Pls solve this problem for me in detail. 2.The total cost function of a firm has been estimated as TC = 100 + 10Q + 20 Q2 Where Q = quantity produced. Find (a)Marginal cost when Q = 10 (b)Quantity (Q) at which average cost is minimum (c)Q at which average cost equals marginal cost If possible, send this answer to vimal0212@gmail.com      |
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