Given: TR = 193Q -4Q² TC = 1/3Q³-12Q²+179Q+100 (A). Find Q to get maximum TR (Notes: Use 3 digits after decimal point) Following previous question: (B).Find maximum TR (C). Find average cost when Q = 7

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter4: Economic Evaluation In Health Care
Section: Chapter Questions
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Given:
TR = 193Q -4Q²
TC =
1/3Q³-12Q²+179Q+100
(A). Find Q to get maximum TR
(Notes: Use 3 digits after decimal point)
Following previous question:
(B).Find maximum TR
(C). Find average cost when Q=7
Transcribed Image Text:Question Given: TR = 193Q -4Q² TC = 1/3Q³-12Q²+179Q+100 (A). Find Q to get maximum TR (Notes: Use 3 digits after decimal point) Following previous question: (B).Find maximum TR (C). Find average cost when Q=7
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