Question

What happens if the firm produces more than q 4 units?

Answer 1

Answer:

When the firm produces 4 units, its marginal revenue is $20. Thus, the firm should produce 4 units of output. When it produces four units, the previous table indicates that people will be willing to pay $35 per unit. Thus output of 4 and price of $35 are the profit maximizing output and price.

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Answer 2

$\huge\bold\red{HOLA!!}$

When the firm produces 4 units, its marginal revenue is $20. Thus, the firm should produce 4 units of output. When it produces four units, the previous table indicates that people will be willing to pay $35 per unit. Thus output of 4 and price of $35 are the profit maximizing output and price.