Answer to Question #59111 in Microeconomics for KASTURI RAJAN
If the fixed cost were $25 and the variable cost per unit were $ 2 and the demand function as follows: P=20-Q
(a) Get π in terms of Q and plot the graph of him .
(b) Find the value of Q in break even point.
(c) Find the production level which gives $ 31 as revenue.
(d) Find the maximum profit and value of Q where the maximum profit is achieved.