We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>
Study Groups By Subject code Wise (Click Below on your university link & Join Your Subject Group)
Looking For Something at vustudents.ning.com?Search Here
Surgicon Pvt. Ltd is one of the leading surgical companies that manufactures fine quality of surgical instruments and accessories in Pakistan and operates in the highly competitive surgical instrument industry. Suppose Price for its surgical scissors is stable at Rs.70 each. This means that price (P) = Marginal revenue (MR) = 70 in this market. Engineering estimates indicate that relevant total cost function for the surgical instrument is given as:
TC = 80,000 + 10Q + 0.003Q2
Keeping in view the above information and by using Formulas and Stepwise Procedure:
A. Find marginal cost (MC) function
B. Find average cost (AC) function
C. Calculate the output level (Q) that will maximize profit of the company
D. Calculate maximum Profit of the company
Suppose manager of Surgicon Pvt. Ltd wants to determine the relationship between the firm's independent variable (X) and its dependent variable (Y). The manager wants to test the hypothesis that the relationship between these two variables exists statistically significant or not? And, furthermore, wants to estimate the strength of the relationship. Some information is given below:
Σ (Yt - t) 2 = 75.3820 n = 10 k = 2
Σ (Xt - )2 = 20 = 3.53
Using the above information and by using Formulas and Stepwise Procedure:
A. Calculate the value of t-statistics.
B. Check its significance against critical value of t at 5% level of significance i.e. 2.306.
This Content Originally Published by a member of VU Students.
Please Discuss here about this assignment.Thanks
Our main purpose here discussion not just Solution
We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions. Read More>>
For Important Helping Material related to this subject (Solved MCQs, Short Notes, Solved past Papers, E-Books, FAQ,Short Questions Answers & more). You must view all the featured Discussion in this subject group.
For how you can view all the Featured discussions click on the Back to Subject Name Discussions link below the title of this Discussion & then under featured Discussion corner click on the view all link.
Or visit this link
Please Click on the below link to see…
anybody know, which lesson exactly cover this assignment ?.
lesson 2 & 8...
which lecture cover this assignment
Can anyone share idea?
Average cost = Total cost / Total quantity
Marginal Cost = D Tc / D Q
The rule is if the second derivative is positive, we have a minimum,
and if the second derivative is negative, we have a maximum
this covers first 3 requirements of the first question
confused pl help
guys share your answer to check and compare. this way correct answer will be determined.
share whatever anyone has, even wrong answer. do not hesitate to share, this is just for idea purpose only.
guys please check my values, if wrong correct me.
A. MC = 10 + 0.006Q
B. AC = 80,000/Q + 10 + 0.003Q
C. output level = 6,666
D. Profit = 53,347
A. t statistic = 5.19
B. reject the hypothesis, there is no relationship between Var X and Y.
Please share with me