Homework Answers
Q)
At eqm, MR = MC
Q*= 10,000 = E
MR = $ 8 = C
Price = $ 15 = A
ATC = $ 11 = B
TR = P*Q = $ 150,000
TC = Q*ATC = $ 110,000
Profit per unit = (P-ATC)
= $ 4
Profit = (TR-TC)
= $ 40,000
B) at Q= 13,000, Demand curve cuts MC
So it is productively effecient
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