Recent content by Hot Water

If demand for a good is P= 5- 1/80Q, and Q is Qauntity Demanded, were rent (a fixed cost) is $100, and the price of making another good is $1, what is: The total cost function as a function of Q? The marginal revenue function as a function of Q? What are the optimal output and price? What are...

If the total cost curve is TC= 2.5q^2+5q, the market demand curve is P= 20- (1/200)q, and the marginal cost is 5q +q, how much product is each firm producing, and are there profits in the market? Thanks again for the helps guys and girls, I really appreciate it.

If the selling price of my firm is $9 and the profit maximizing output (q*) is 80, and producing 80 units costs $800, what is the Marginal Revenue of the firm? Also, if the selling price is now $24 as opposed to $9, and the profit maxizing (q*) is 50, and producing those 50 units cost $13 a...