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emergency help on economics 1

Original Post

hi everyone, I have assignment due tommorow for economics and need help on thiis question. cheers

nightcrawler
Oct 9, 2006 8:55 PM · 8,556 views
2 Replies
udayyy Oct 9, 2006 9:10 PM
Dude! Type the question if you expect any help solving it.
LemOn Oct 9, 2006 11:01 PM
YOure being too lazyy!! :O question pani scan ?? total revenue ( at each quantity) = Price * Quantity demanded Total cost = Fixed cost ( 2 million) + Quantity * $ 10 ( variable cost) Total Profit/Loss ( at each quantity) = Revenue - Cost Look into your book and compute the marginal revenue and cost. Profit maximizing output is the point where MR=MC ( graph ma chahi where MR and MC intersect) tyestai aba marginal cost is equal to marginal resource cost divided bymarginal product, a change in cost divided by a change in output. hence, the condition for maximizing profits is MR = MRC/MP. la aba its alomst 12 so graph garne mood chaina. slleepy.
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