TR - (100-298 1004.22 9= 25 Check q=35 T=TR -TC MR = 100.49 T= (193.35)-(500+560+122) =...
Assume TR(Q) = 150 + 500-50° and TC(Q) = 100 + 6Q Create a table in Excel showing TR(Q), MR (0), TC(Q), MC (Q), π (Q), and marginal profit, as O goes from 0 to 10 in increments of 1 b. Identify the level of Q that maximizes profit. c. At the level of Q that maximizes profit, what is the relation between MR and MC? d. At the level of Q that maximizes profit, what is marginal profit? e....
Willy's widgets, a monopoly, faces the following demand schedule (sales of widgets per month): Price $20 30 40 50 60 70 80 90 100 Quantity 40 35 30 25 20 15 10 5 0 Calculate marginal revenue over each interval in the schedule (for example, between Q = 40 and Q=35). Recall that the revenue is the added revenue from an additional unit of production/sales and assume MR is constant within each interval. If marginal cost is constant at $20...