Question

how to calculate profit maximizing output how do I calculate profit maximizing output when C=qsquared +4q+...

how to calculate profit maximizing output

how do I calculate profit maximizing output when C=qsquared +4q+ 18 and MC=2q +4

0 0
Add a comment Improve this question Transcribed image text
Answer #1

In order to calculate, profit-maximizing output marginal revenue must be equated to the marginal cost i.e. MR = MC. This condition is applicable in all market and profit-maximizing output is calculated by equating the marginal revenue and marginal cost. Graphically, the profit-maximizing output is established at the intersection point of marginal revenue and marginal cost. The second condition for the profit-maximizing output is that the marginal cost curve should cut the marginal revenue curve from below or we can say that marginal cost should rise after cutting the marginal revenue curve.

Add a comment
Know the answer?
Add Answer to:
how to calculate profit maximizing output how do I calculate profit maximizing output when C=qsquared +4q+...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT