ASSIGNMENT 4 1. What is the best price for : Maximizing profit. b. Maximum revenue possible. 2….

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.