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March 28, 2017

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close relationship between mnagement and economics has led to the development of managerial economics

  • managerial economoics - ,

    And your question is?

    Sra

  • managerial economoics - ,

    Can some help me understand the profit maximization equation
    Price=$60
    if company makes 80 units TC=20+2(80)=$180
    Now:
    MR(Q)=MC(Q)
    TR'(Q)-TC'(Q)=0
    MR(Q)=MC(Q)

    What quantity maximizes this firm's profit?

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