Posted by: Lemon October 9, 2006
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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.