Glenda runs a flower delivery service with six people. Quite recently, the business has started suffering and there has been an
2 answers:
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Answer:
The total number of scooters is 10
Explanation:
Total profit is maximized where Marginal Revenue (MR) = Total Marginal Cost
= 50 + 50 + 50 + 50 = $200
TR = P × Q = (300 - 5Q) × Q = 300Q - 5Q²
So, MR = = 300 - 2(5Q) = 300 - 10Q
Now, MR = 200 gives,
300 - 10Q = 200
So, 10Q = 300 - 200 = 100
So, Q =
So, Q = 10