A catering firm has a fixed cost of 800 units and a variable cost of 15 + 4Q per unit where Q denotes the output. Find the value of Q if the marginal cost is 79. The output which gives a marginal cost of is

A catering firm has a fixed cost of 800 units and a variable cost of 15 + 4Q per unit where Q denotes the output. Find the value of Q if the marginal cost is 79. The output which gives a marginal cost of is

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter22: Supply: The Costs Of Doing Business

Section: Chapter Questions

Problem 17E

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