Calculate output price total revenue and total profit at, Ask an Expert

Economics

Q. P = $130 - $0.000125Q
MR - $130 - 0.00025
Fixed development cost = $600,000
Marginal costs are $63 per unit.
Calculate output, price, total revenue and total profit at revenue maximizing activity level and n at profit maximizing level (present each with relevant diagrams).

Q. reason government has to step in and "internalize" benefit and cost externalities are because people are basically selfish. Do you agree?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9306620

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