Statistics Solutions

[Solved] Giant Screen TV, Inc. is a manufacturer and distributor of high-resolution 50-inch television monitors and consoles for individual and commercial

Question: Giant Screen TV, Inc. is a manufacturer and distributor of high-resolution 50-inch television monitors and consoles for individual and commercial customers. Revenue and cost relations are:

TR= $4,500Q-0.1Q 2
MR= $4,500-$0.2Q
TC= $2,000,000+$1,500Q+0.5 Q 2
MC= $1,500 +$1Q

A. Calculate output, marginal cost, average cost, price, and profit at the average cost minimizing activity level.
B. Calculate these values at the profit-maximizing activity level
C. Compare and discuss your answers to part A and B

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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