Randall Cars repair Factory has the total Cost Function TC (Q) = 4₁1 Q¹+ 26/Qx+30 where Q stands for the number of hours of repair, if the $100 market price For Car repair is hour, what the Optimal hours of repair that randall will do (round a decimal) per

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section12.4: Costs In The Short Run And In The Long Run
Problem 4QQ
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Randall Cars repair Factory has the total Cost Function.
TC (Q) = 4₁/Q + 26/Q² +30
where Q stands for the number of hours of repair, if the
market price For Car repair is
per hour, what the
Optimal hours of repair that randall will do (round a decimal)
$100
Transcribed Image Text:Randall Cars repair Factory has the total Cost Function. TC (Q) = 4₁/Q + 26/Q² +30 where Q stands for the number of hours of repair, if the market price For Car repair is per hour, what the Optimal hours of repair that randall will do (round a decimal) $100
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