(adsbygoogle = window.adsbygoogle || []).push({}); 1. The problem statement, all variables and given/known data

Problem goes like this:

For a monopolist's product, the demand equation is: p=156-2q

_

and the average-cost is c(ave)=120+112/q

2. Relevant equations

We need to find the total cost function in terms of c=

3. The attempt at a solution

I can't seem to figure out how to change the average cost of cost....or maybe it's simple and I'm completely missing it....any help would be greatly appreciated!!!!!!

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# Homework Help: Applied Maxima and Minima Problem

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