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nightcrawler
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 emergency help on economics 1
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Posted on 10-09-06 8:55 PM     Reply [Subscribe]
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hi everyone, I have assignment due tommorow for economics and need help on thiis question.
cheers

 
Posted on 10-09-06 9:10 PM     Reply [Subscribe]
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Dude! Type the question if you expect any help solving it.
 
Posted on 10-09-06 11:01 PM     Reply [Subscribe]
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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.
 
Posted on 10-09-06 11:22 PM     Reply [Subscribe]
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Yo Maoist Supporter lai Profit ko tanta bhayo ta, khoi?
 

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