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Answer to Question #74254 in Microeconomics for zulfiqar

Question #74254
Speedys's Pizza produces fresh pizzas for area grocery stores that sell them for $10 each. Speedy's production cost have been estimated as
TC = 1,000 - 50Q + 5Q^2
(a) What is the firm's marginal cost function ?
(b) What output rate will maximize speedy's profits ?
Expert's answer
Answer:
a) MC=-50+10*Q
b) -50+10*Q=10
10*Q=60
Q=6

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