Illustrate what is the product maximizing level of output, Ask an Expert

Economics

Q. If the profit function for a perfectly competitive widget is:

Profit = 100Q - 5000 - 0.2Q^2

a) Illustrate what is the price of widgets?

b) Then illustrate what would the total cost function be?

c) If output is 200 units illustrate what are the variable costs? Fixed costs?

d) Illustrate what is the product maximizing level of output for this producer?

e) Will the producer make a positive profit at this level of output?

Q2. Provide at least two recommendations for Elucidate how a company should approach its capital budgeting. Elucidate the reasoning behind your recommendations.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9169548

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