Suppose that you can sell as much of a product (in integer units) as you like at $68 per unit. Your marginal cost (MC) f
Posted: Fri Jul 01, 2022 8:19 am
Suppose that you can sell as much of a product (in integerunits) as you like at $68 per unit. Your marginal cost (MC) forproducing the q th unit is given by:
MC=10q
This means that each unit costs more to produce than theprevious one (e.g., the first unit costs 10*1, the second unit (byitself) costs 10*2, etc.).
If fixed costs are $60, what is the optimal integer outputlevel?
If fixed costs are $60, what is the profit at the optimalinteger output level?
If fixed costs are $95, what is the optimal integer outputlevel?
If fixed costs are $95, what is the profit at the optimalinteger output level?
MC=10q
This means that each unit costs more to produce than theprevious one (e.g., the first unit costs 10*1, the second unit (byitself) costs 10*2, etc.).
If fixed costs are $60, what is the optimal integer outputlevel?
If fixed costs are $60, what is the profit at the optimalinteger output level?
If fixed costs are $95, what is the optimal integer outputlevel?
If fixed costs are $95, what is the profit at the optimalinteger output level?