Business, 17.04.2020 03:48 TornSnowFlake336
Suppose Kate's Great Crete (KGC) has annual variable costs of VC=30Q+.0025Q 2 and marginal costs of MC=30+.005Q , where Q is the number of cubic yards of concrete it produces per year. In addition, it has an avoidable fixed cost of $50,000 per year. KGC's demand function is Q=20,000-400P. What is KGC's total revenue function?
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Suppose Kate's Great Crete (KGC) has annual variable costs of VC=30Q+.0025Q 2 and marginal costs of...
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