Maximization – NBC Institute

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

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

Topic: Operations Research
Series: MAY 2015

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

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

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

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

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