Question

10 com menores and sells per week in the weekly estand demand equation me 2) = 500 and p = 10 Por each 1 The production level that leads to maximum revenue and the maximum revenue value U The production level that leads to maximum profit and the maximum profit value? The production level that leads to minimum cost and the minimum cost value 2 Asmall machine shop manufactures drill bits that are wed in petroleum industry. The shop manager that the total daily cost in bir of producing bilisce) - 100 5x 1 Find the average cost per unit 100 drill bits are produce? II Find the marginal average cost if 10 doll bits are produce? 3. Assume that guna company has fixed cost bir 3000 selling price per unit of bin 20 and variable costs per units of bir 14 then 1. Calculate break even point in units? Calculate the marginal profit Calculate profit if the company sells 200 units?​

Answer 1

A monopolistic competitor determines the profit-maximizing quantity by comparing marginal revenue and marginal cost.

Step-by-step explanation:

A monopolistic competitor determines how much to produce and at what price by analyzing the demand and cost conditions. Total revenue is calculated by multiplying the price and quantity at each point on the demand curve.

Marginal revenue is the change in total revenue divided by the change in quantity. Total cost, marginal cost, and average cost can be calculated using the change in total cost and quantity. By comparing marginal revenue and marginal cost, the firm can determine the profit-maximizing quantity.