Homework Answers
Answer
80
60
4800
2400
===
the firm produces at MC=MR
where
Q=80
and P=60 from the demand curve
total revenue =P*Q=80*60
=4800
Profit=(P-ATC)*Q
=(60-30)*80
=2400
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revenue (MR), marginal cost (MC), and average total cost (ATC)
curves. Management wants to adjust the production output quantity
to maximize the firm's profits. What quantity should the firm aim
for?
Give your answer by dragging the Q line to a new position to mark
the quantity at which profit is as large as possible.
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