Show graphically that profit is maximum where marginal cost equals marginal revenue. Is there any… 1 answer below »
Show graphically that emolument is culmination where final absorb equals final income. Is there any separation to this administration?
Suppose income and absorb power of a immovable are given, respectively, as follows:
C = 100 + 60Q − 12Q2 + Q3
R = 60
Find (i) MC and MR (ii) emolument-maximization output.
Given the absorb power as C = 128 + 169Q − 14Q2 + Q3 and P = 60, experience MC, MR at output that maximizes emolument.