P = $130 - $0.000125Q
MR - $130 - 0.00025
Fixed development cost = $600,000
Marginal costs are $63 per unit.
Calculate output, price, total revenue and total profit at the revenue maximizing activity level and then at the profit maximizing level (present each with relevant diagrams).
Recently Asked Questions
- Nick is a computer technician who works from his own home . Below are three options that Nick faces . Nick wants to maximize his monthly income . Using the
- Mortgage-backed bonds MBB differ from pass-throughs and CMOs in which of the following ways ?
- Kelly ’ s Corner Bakery purchases a lot in Oil City 6 years ago at a cost of $ 302,000 . Today , that lot has a market value of $ 340,000 . At the time of