Suppose that you can sell as much of a product as you like, Business Economics

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Suppose that you can sell as much of a product as you like

1. Suppose that you can sell as much of a product as you like at $92 per unit. You marginal cost (MC) for producing the Qth unit is given by: MC=10Q. If fixed costs are $350, what is the optimal output level?

2. Suppose a firm has as its total cost function: TC= 24+2Q^2, and its output can be sold at $44 per unit. Using calculus to find the firm's profut- maximizing output. What is the maximized profit?

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Business Economics: Suppose that you can sell as much of a product as you like

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