Answer to Question #180590 in Economics for Suyash

Question

a) The roll preparation involves two variable cost components: (i) the center filling

(ii) Ten minutes of labour

Demand curve: Q = 100 – P

Find the carnot's equilibrium

Answer 1

$$TR=pQ$$

$$TR=p(100-p)$$

$$TR=100p-p^2$$

$$MR=100-2p$$

$$100-2p=0$$

$$p=50$$

$$Q=50$$