Question Tag: Total Cost Function

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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

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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 – 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

Login or create a free account to see answers

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

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