Question
Calculate the optimal amount of production under the method of maximizing income (IMA=0) given the following economic equations: marginal income=500-.05Q and marginal cost = 100+2Q
Calculate the optimal amount of production under the method of maximizing income (IMA=0) given the following economic equations: marginal income=500-.05Q and marginal cost = 100+2Q to.
A. 10k units
b. 7500 units
c. 2500 units
d. 6k units
d. 5k units
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Bank Management
Authors: Timothy W Koch, Steven Scott MacDonald, S Scott MacDonald
6th Edition
0324289278, 9780324289275
