Question

For the cost functions below find: a. the number q, of units the produces maximum profit b. the price p, per unit that produces maximum profit c. the maximum profit C(q) = 80 + 17q p = 69 - 2q

Answer 1

C) infinite, because the firm produces a unique ... C) marginal revenue minus marginal cost. ... 17) The economic profit of a perfectly competitive firm ... C) wants to maximize its ...

Answer 2

infinite because the firm unique marginal menus marginal cost the economy profit of a perfectly firm wants to maximum firm