Price ATC MC $50 $28 $18 MR: D 50 75 Quantity What are the profit-maximizing price...

Question

Question

Price ATC MC $50 $28 $18 MR: D 50 75 Quantity What are the profit-maximizing price and quantity? $50 & 50 $18 & 50 O $28 & 50

business economics

Answer 1

Answer #1

$50 & 50 ---- is correct

At profit maximization, MR =MC and thus profit maximizing quantity is 50 and price consumers willing to pay for this level is $50

Answer 2

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