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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