Q1 is it advantageous for all countries to utilize cheaper, Ask an Expert

Economics

Q1. Is it advantageous for all countries to utilize cheaper labor or does importing your goods back to the U.S. still cost a firm to reach their niche market?

Q2. Short Run Profit Maximizing

The manufacture of high-quality flatbed scanners is trying to decide what price to set for its product. The costs of production and the demand for the product are assumed to be as follows: TC = 500,000 + 0.85Q + 0.015Q2 and Q =14,166 - 16.6P. Determine the short-run profit maximizing price.

Plot this information on a graph showing AC, AVC, MC, P and MR.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9724188

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