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vampirchik [111]
3 years ago
11

You are the manager of a firm that sells its product in a competitive market at a price of $50. Your firm's cost function is C =

40 + 5Q2. The profit-maximizing output for your firm is
Business
1 answer:
Marina86 [1]3 years ago
5 0

Answer: Q = 5

Explanation:

In a competitive market, the profit maximising quantity is the quantity at which Marginal Cost is equal to Marginal revenue.

In a competitive market, price is equal to marginal revenue so marginal revenue is $50.

Marginal cost would be the differential of the cost function;

= 40 + 5Q²

= (2 * 5) * Q

= 10Q

10Q = 50

Q = 50/10

Q = 5

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Stakeholders can be defined as the strategic audience that every company has, that is, it is made up of people, organizations, shareholders, suppliers, customers, the community, the press, etc., which constitutes all the interested parties directly affected by a project. or indirectly.

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3 years ago
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6 0
3 years ago
Read 2 more answers
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Answer:

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