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Answer to Question #5171 in Microeconomics for xyzmjpatel86
Question #5171
Let MC = 8+6Q and MR = 80-10Q. What is the profit maximising output for this firm?
Expert's answer
Let MC = 8+6Q and MR = 80-10Q. What is the profit maximizing output for this firm?
MC=MR
8+6Q=80-10Q 16Q=72& Q=4,5;
Answer:1) Q=2; 2) Q=4,5
MC=MR
8+6Q=80-10Q 16Q=72& Q=4,5;
Answer:1) Q=2; 2) Q=4,5
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