economics

q = 5,000 - 100p
tc= 10,000 - 10q
plot the demand curve
marginal revenue curve
marginal cost curve
profit maximising price, quantity, and profits

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  1. TB

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  2. MC=MR UNDER COMPETITIVE MARKET

    FIRST DIFFERENTIATED MC = 10
    MR=5000-0.02Q
    MC=MR THEN EQUAL FIND Q
    10=5000-0.02Q
    Q=2000UNITS
    P=5000-0.01Q WHEN Q=2000 SUBSTITUTE
    P=K30
    PROFIT=TR-TC
    P=K30000

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