**ASSIGNMENT 4**

**1. **What is the best price for :

- Maximizing profit. b. Maximum revenue possible.

**2. **Solve the equation:

** **

Find:

- Max profit
- Max revenue
- Max price (R.P)
- Max quantity
- Minimum Average Cost
- Optimal Revenue
- Average fixed cost
- Variable cost function
- Average variable cost
- Average revenue

**3.** a. Solve the equation:

Find:

- Max profit
- Max revenue
- Max price (R.P)
- Max quantity
- Break Even
- Minimum Average Cost
- Optimal Revenue

- Group work – Use excel to compute above equation. This should be completed by each group.