Homework Answers
Ans :-
| Perticular | Price | qty. | TR($) | profit($) |
| TR max. | 16 | 16 | 256 | 96 |
| Profit max. | 20 | 12 | 240 | 108 |
| Social optimum price | 14 | 18 | 252 | 54 |
| Fair return price | 10 | 16 | 160 | 000 |
Note : TR = Price * qty.
Profit = TR - total cost
As per above this formula calculation are made..
Thank you.....
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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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