Re: jnu 2012

Posted by kogo on May 16, 2013; 9:08am
URL: http://discussion-forum.276.s1.nabble.com/jnu-2012-tp7580632p7580787.html

for ques 88 is v(n) the MR or TC(n)-TC(n-1)
if we go according to TC(n)-TC(n-1) formula then the equilibrium no. of cows brought is 2
this is as follows:-
   TR   TC
1  22   11
2  36   22
3  45   33
4  48   44
5  50   55
6  54   66
7  56   77
so the profit is maximised in buying 2 cows
please correct me if i am wrng