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The total cost function and demand function of Migoya Construction company (MCC) are as follows:

      

The total cost function and demand function of Migoya Construction company (MCC) are as follows:
mig12022019308.png

Required:
i) Write down the expression of average cost per unit and graph it for x values between x=0 and x=8.
ii) Write the expression for total revenue.
iii) If total revenue is to be maximized, what is the price to be charged?
mig22022019314.png
v) What is the price that maximizes profit?

  

Answers


Wilfred
mig32022019316.png
mig42022019316.png
Wilfykil answered the question on February 20, 2019 at 11:17


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