Problem on short run profit maximizing output, Macroeconomics

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Problem on short run profit maximizing output

Suppose that Mensa Inc is a representative firm in a perfectly competitive industry. Mensa's total cost of production is TC= 5,000+5q^2, where q is mensa's output. Based on this equation, mensa's marginal cost is 10q. If the output is $100, what is mensa's short run profit maximizing output? How much profit does mensa make at that output?

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Macroeconomics: Problem on short run profit maximizing output

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Macroeconomics: Problem on short run profit maximizing output

Reference No:- TGS065245

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : What will the after-tax annual interest savings

Q : Amount of interest herman must pay the bondholders

Q : Valid argument for protection

Q : Calcualte price elasticity of demand at equilibrium price

Q : Problem on short run profit maximizing output

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Q : What price should firm charge to realize targeted profit

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Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Problem on short run profit maximizing output

Reference No:- TGS065245

Recent Questions Asked Macroeconomics

Q : What will the after-tax annual interest savings

Q : Amount of interest herman must pay the bondholders

Q : Valid argument for protection

Q : Calcualte price elasticity of demand at equilibrium price

Q : Problem on short run profit maximizing output

Q : Liquidation and partnership problem

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Q : Involuntary unemployment

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