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DSC1520Assessment 3

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Exam of 1 pages for the course DAV34 at DAV34 (DSC1520Assessment 3)

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DAV34
Course
DAV34

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Sure, here are the answers to your questions:

1. a. R27
2. a. TR = 20P - 0.01P^2
3. a. q = 4 or q = 20
4. c. MC = 300/(q + 30) and AC = (300ln(q + 30) + 150)/q
5. b. 2 < q < 22 and q > 0
6. a. 4 < q < 20
7. c. R5760
8. a. The function m(n) increases on the interval (0;20), while it decreases from the
interval (-∞;0) and (20;∞).
9. a. 30
10. The value of marginal production of labor is 295/6.
11. a. TC = 844 + 27Q; MC = 27
12. c. 0.93
13. a. TR = -18Q - 7.5Q^2 + Q^3; MR = -18 - 15Q + 3Q^2
14. c. |ϵd| = -0.2388 < 1, elastic

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