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 profits?
Thanks for any help guys, really appreciate it.
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 profits?
Thanks for any help guys, really appreciate it.