Question
Conigan Box Company produces cardboard boxes that are sold in bundles of 1000 boxes.The market is highly competitive, with boxes currently selling for $100 per
Conigan Box Company produces cardboard boxes that are sold in bundles of 1000 boxes.The market is highly competitive, with boxes currently selling for $100 per thousand.Conigan's total and marginal cost curves are:
TC = 3,000,000 + 0.001Q2
MC = 0.002Q
where Q is measured in thousand box bundles per year.
a.Calculate Conigan's profit maximizing quantity.Is the firm earning a profit?CALCULATE & SHOW THE STEPS (5 points)
Answer:
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Slavery And American Economic Development
Authors: Gavin Wright
1st Edition
0807152285, 9780807152287
