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assume a competitive firm faces a market price of $125, a cost curve of C=0.25q^2 + 25q +1600 and a marginal cost curve of :
assume a competitive firm faces a market price of $125, a cost curve of
C=0.25q^2 + 25q +1600 and a marginal cost curve of : MC= 0.05q +25
The firm's profit maximizing output level is 00 units, the profit per unit is $9 and total profit is $900
however, if the firm wanted to maximize the profit per unit, how much would it produce?
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