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

Dude! Type the question if you expect any help solving it.

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.

Yo Maoist Supporter lai Profit ko tanta bhayo ta, khoi?