Welcome to Schoolngr.com

Home   School   News   C B T   Classroom
Friday, 22 November 2024

RegisterLogin

The table below represents the cost function of a poultry farm. The price of a crate of ...

The table below represents the cost function of a poultry farm. The price of a crate of egg is $21. Use the information contained in the table to answer the questions that follow.

Quantity of eggs (in crates) Total cost (in $)
0 50
1 55
2 62
3 75
4 96
5 125
6 162
7 203
8 248



(a) What Is the fixed cost of the farm? (2 marks]
(b)(i) Calculate the marginal cost at each level of output. [9 marks]
(ii) What is the profit maximizing output of the farm? [3 marks]
(c) Draw the demand curve for the farm. [6 marks].





STAY UPDATED
FOLLOW US ON :


AboutContact usBack to Top
...

Disclaimer
All Views, Names, Acronyms, Trademarks, Expressed on this website are those of their respective owners. Please note that www.schoolngr.com is not affiliated with any of the institutions featured in this website. It is always recommended to visit an institutions or sources official website for more information. In the same vein, all comments placed here do not represent the opinion of schoolngr.com


SCHOOLNGR - © 2020 - 2024 - Tayo Hammed | Terms Of Service | Copyright | Privacy Policy