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upstairsatomLv1
12 Mar 2021
(9 points) Profit Maximization
Your firm runs a price-taking firm selling vacuum cleaners. The market price for vacuum cleaners is $90. Your firm’s cost function is TC(Q)=0.0075Q^2+$33Q+$58,300
A. (3 points) Calculate the profit-maximizing quantity that you produce.
B. (3 points) What price will your firm charge?
C. (3 points) Calculate your firm’s profits at the profit-maximizing quantity.
(9 points) Profit Maximization
Your firm runs a price-taking firm selling vacuum cleaners. The market price for vacuum cleaners is $90. Your firm’s cost function is TC(Q)=0.0075Q^2+$33Q+$58,300
A. (3 points) Calculate the profit-maximizing quantity that you produce.
B. (3 points) What price will your firm charge?
C. (3 points) Calculate your firm’s profits at the profit-maximizing quantity.
19 May 2023
tealshark869Lv1
2 Jun 2021
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