The marketplace is highly competitive with boxes currently, Ask an Expert

Economics

Q1. Conigan Box Company produces cardboard boxes that are sold in bundles of 1000 boxes. The marketplace is highly competitive, with boxes currently selling for $100 every thousand. Conigan's total and marginal cost curves are:
TC = 3,000,000 + 0.001Q2
MC = 0.002Q

Q2. Using the mr=mc approach determine profit maximizing or loss minimizing output when price equals $60, $29 and $21 Illustrate what would the output equal and profit/loss for each price?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9168255

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