Homework Answers
30. $32,000
(Yearly budget = (12*3000) - 4000 = 36000 - 4000 = 32,000)
31. $7,500
(Opportunity cost = 5000 + (5*500) = 5000 + 2500 = 7500)
32. 50
(Profit is maximized when MR = MC. So, 500 = 10Q
So, Q = 500/10 = 50.)
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