Price = 4.2 Total Cost = 40 + .1Quantity^2 - .2Quantity Marginal Cost = .2Quantity - .2 I got 22 as the quantity to maxi

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answerhappygod
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Price = 4.2 Total Cost = 40 + .1Quantity^2 - .2Quantity Marginal Cost = .2Quantity - .2 I got 22 as the quantity to maxi

Post by answerhappygod »

Price = 4.2
Total Cost = 40 + .1Quantity^2 - .2Quantity
Marginal Cost = .2Quantity - .2
I got 22 as the quantity to maximize profit. HOWEVER, ifconsumer income decreases, how would you figure out what the newquantity to produce would be and what the new profit would be?
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