Nieron

This page lists questions and answers that were posted by visitors named Nieron.

Questions

The following questions were asked by visitors named Nieron.

Answers

The following answers were posted by visitors named Nieron.

Q = 410 – P and MC = 10 +5Q a) TC = FC + TVC (FC = $0, given) To derive TC (or TVC) from MC, integrate TC = 10/1Q + 5/2Q1 +1 = 10Q + 2.5Q2 b) Profit is maximized when MR = MC P = 410/1 – Q/1 = 410 – Q MR = 410 – (2)Q = 410 – 2Q MC = 10 + 5Q 410 – 2Q = 10...
13 years ago