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zalisa [80]
4 years ago
12

Suppose you are the manager of a watchmaking firm operating in a competitive market. Your cost of production is given by Cequals

400plus2q squared​, where q is the level of output and C is total cost.​ (The marginal cost of​ production, MC (q )​, is 4​q; the fixed​ cost, FC, is ​$400​). If the price of a watch is ​$80​, how many watches should you produce to maximize​ profits?
Business
1 answer:
Zigmanuir [339]4 years ago
5 0

Answer:

The quantity to maximize profit = 20 units

Explanation:

<em>In a perfectly competitive market , profit is maximized at the quantity where the marginal cost is equal to marginal revenue. </em>

Note that the MC is the change in  total cost as a result of a change in total production unit by a unit

Marginal revenue is the change in total revenue as a result of selling additional unit of product. For a perfectly competitive it is equal to the selling price.

To maximize profit , MR = MC

MC- 4q  MR- 80

4q = 80

q = 80/4 = 20

The quantity to maximize profit = 20 units

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2 years ago
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Answer:

10%

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7 0
3 years ago
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an Evi score of 32 or below

Explanation:

in 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the above

an Evi score of 32 or belowin 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the abovein 40-euro cents.

d. The 60% of the rise in the

disposable income goes to

consumption

= All of the above

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</span>

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LekaFEV [45]

Answer:

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