Posted by **SAM** on Tuesday, May 3, 2011 at 1:52pm.

Q = 39,000 – 500P

AVC = 30 + 0.005Q

Q is quantity demanded and produced, and P is price of the product. Total fixed cost is $50,000. Assume these functions are based on monthly demand and production.

A. What are the inverse demand and the MR revenue equations?

B. What is the profit maximizing output of this firm?

C.What is the price at the profit maximizing output?

d. What is the firm’s total profit?

- ECONOMICS -
**Anonymous**, Thursday, March 15, 2012 at 9:22am
adas

## Answer this Question

## Related Questions

- Economics - Q = 39,000 – 500P AVC = 30 + 0.005Q Q is quantity demanded and ...
- Microeconomics - Am I calculating the Marginal Revenue when you get the quantity...
- ecomonics - I am trying to understand the math part of supply and demand . I am ...
- accounting - "Harris Company manufactures and sells a single product. A ...
- Economics - The accompanying table shows a car manufacturer’s total cost of ...
- Economics - 10. An industry currently has 100 firms, all of which have fixed ...
- accounting - Required a. Determine the gross profit margin for each product ...
- Economics - The Ali Baba Co is the only supplier of a particular type of ...
- Managerial Economics - Suppose that Neptune Music has the copyright to the ...
- Microeconomics - I put this question on the board before. What I am not clear on...

More Related Questions