Output Level – Knowsia

QTB – Nov 2015 – L1 – SB – Q2c – Mathematics of Business Finance

Find the level of output at which profit is maximized using given revenue and cost functions.

Question

Given that the Total Revenue (TR) function is:

and the Total Cost (TC) function is:

Determine the level of output at which profit is maximized. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Calculus, Output Level, Profit Maximization, Total Cost, Total Revenue
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2015

QTB – Nov 2015 – L1 – SB – Q2b – Operations Research

Determine the level of output that minimizes the average cost for a given total cost function.

Question

MANDILAS Ventures has established its total cost function to be:

Determine the level of output that will give minimum average cost. (8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Average Cost, Cost Analysis, Output Level, Total Cost Function
Level: Level 1

Topic: Operations Research
Series: NOV 2015

QTB – May 2015 – L1 – SA – Q6 – Operations Research

Finding revenue changes, total cost, and profit using marginal cost and marginal revenue functions.

Question

In its efforts to reposition the fortune of the firm, the Board of Directors of AJE Enterprise Limited targeted a profit function of . The firm’s profit-maximizing output level is obtained as:

A. 2/5
B.
C. 8
D. 10
E. 16

Answer

Find Related Questions by Tags, levels, etc.

Tags: Maximization, Output Level, Profit Function
Level: Level 1

Topic: Operations Research
Series: MAY 2015

QTB – Nov 2015 – L1 – SB – Q2c – Mathematics of Business Finance

Find the level of output at which profit is maximized using given revenue and cost functions.

Question

Given that the Total Revenue (TR) function is:

and the Total Cost (TC) function is:

Determine the level of output at which profit is maximized. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Calculus, Output Level, Profit Maximization, Total Cost, Total Revenue
Level: Level 1

Topic: Mathematics of Business Finance
Series: NOV 2015

QTB – Nov 2015 – L1 – SB – Q2b – Operations Research

Determine the level of output that minimizes the average cost for a given total cost function.

Question

MANDILAS Ventures has established its total cost function to be:

Determine the level of output that will give minimum average cost. (8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Average Cost, Cost Analysis, Output Level, Total Cost Function
Level: Level 1

Topic: Operations Research
Series: NOV 2015

QTB – May 2015 – L1 – SA – Q6 – Operations Research

Finding revenue changes, total cost, and profit using marginal cost and marginal revenue functions.

Question

In its efforts to reposition the fortune of the firm, the Board of Directors of AJE Enterprise Limited targeted a profit function of . The firm’s profit-maximizing output level is obtained as:

A. 2/5
B.
C. 8
D. 10
E. 16

Answer

Find Related Questions by Tags, levels, etc.

Tags: Maximization, Output Level, Profit Function
Level: Level 1

Topic: Operations Research
Series: MAY 2015

Question Tag: Output Level

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QTB – Nov 2015 – L1 – SB – Q2c – Mathematics of Business Finance

Find the level of output at which profit is maximized using given revenue and cost functions.

QTB – Nov 2015 – L1 – SB – Q2b – Operations Research

Determine the level of output that minimizes the average cost for a given total cost function.

QTB – May 2015 – L1 – SA – Q6 – Operations Research

Finding revenue changes, total cost, and profit using marginal cost and marginal revenue functions.

QTB – Nov 2015 – L1 – SB – Q2c – Mathematics of Business Finance

Find the level of output at which profit is maximized using given revenue and cost functions.

QTB – Nov 2015 – L1 – SB – Q2b – Operations Research

Determine the level of output that minimizes the average cost for a given total cost function.

QTB – May 2015 – L1 – SA – Q6 – Operations Research

Finding revenue changes, total cost, and profit using marginal cost and marginal revenue functions.

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