You are the manager of a business in a competitive market and your production technology is describe Show more You are the manager of a business in a competitive market and your production technology is described by the total cost function In addition assume the market price is p = 15 dollars. a) Determine the optimal quantity to produce and compute the profit of your business. b) Assume you have the opportunity to make an investment which would improve your production technology and would result in the new total cost function given by i. Determine the optimal quantity to produce with the new technology and compute the profit of your business. ii. Assume the business will operate for only one period either with the old or the new technology. If the cost of the investment to improve your technology is 300 dollars should you make the investment? Show less


 

. WITH BEST NURSING TUTORS TODAY AND GET AN AMAZING DISCOUNT

get-your-custom-paper

The post Determine the optimal quantity to produce with the new technology and compute the profit of your business. appeared first on BEST NURSING TUTORS .

 

Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code “Newclient” for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.


The post Determine the optimal quantity to produce with the new technology and compute the profit of your business. appeared first on The Nursing Hub.

 

"Get 20% OFF on a Similar Assignment!! Place Your Order and Use this Coupon Code: SUPER20"

buy custom essays