Cost and Production

1. Then, why do you still choose the QProf-Maxas the optimal point of operation? (Why do you choose this Q andnot any of the other two Q's?)
2. Now, pleaselook at thetwo comprehensive tables that you have madein the previous parts (Parts d and a).In particular, look at the numerical values of MCand MRassociated with your optimal scale of operation.

1. HowmuchistheMCassociatedwiththeQProf-Max?
2. HowmuchistheMRassociatedwiththeQProf-Max?
3. Now, look at the MC and MRcorresponding with the QProf-Max. What is the relationshipbetweenthese two?

Q_D	P
0	2,500
10,000	2,300
20,000	2,100
30,000	1,850
40,000	1,600
50,000	1,480
60,000	1,450
70,000	1,360
80,000	1,200
90,000	1,000
100,000	800

Q	FC	VC	TC	MC	AFC	AVC	ATC	Profit		Q_D	P	TR	AR	MR	Change in Q	Change in P	Elasticity	Profit
0	10,000,000	0	10,000,000	-	-	-	-	-		0	2,500	-
10,000	10,000,000	8,000,000	18,000,000	800	1,000	800	1,800	5,000,000		10,000	2,300	23,000,000	2,300	2,300	2	(0.08)	-24.000000000000	5,000,000
20,000	10,000,000	15,000,000	25,000,000	700	500	750	1,250	17,000,000		20,000	2,100	42,000,000	2,100	1,900	0.66666667	(0.09)	-7.333333333333	17,000,000
30,000	10,000,000	21,000,000	31,000,000	600	333	700	1,033	24,500,000		30,000	1,850	55,500,000	1,850	1,350	0.4	(0.13)	-3.160000000000	24,500,000
40,000	10,000,000	23,000,000	33,000,000	200	250	575	825	31,000,000		40,000	1,600	64,000,000	1,600	850	0.28571429	(0.14)	-1.971428571429	31,000,000
50,000	10,000,000	32,000,000	42,000,000	900	200	640	840	32,000,000		50,000	1,480	74,000,000	1,480	1,000	0.22222222	(0.08)	-2.851851851852	32,000,000
60,000	10,000,000	45,000,000	55,000,000	1,300	167	750	917	32,000,000		60,000	1,450	87,000,000	1,450	1,300	0.18181818	(0.02)	-8.878787878788	32,000,000
70,000	10,000,000	58,000,000	68,000,000	1,300	143	828.5714	971	27,200,000		70,000	1,360	95,200,000	1,360	820	0.15384615	(0.06)	-2.401709401709	27,200,000
80,000	10,000,000	75,000,000	85,000,000	1,700	125	937.5	1,063	11,000,000		80,000	1,200	96,000,000	1,200	80	0.13333333	(0.13)	-1.066666666667	11,000,000
90,000	10,000,000	95,000,000	105,000,000	2,000	111	1055.556	1,167	(15,000,000)		90,000	1,000	90,000,000	1,000	(600)	0.11764706	(0.18)	-0.647058823529	(15,000,000)
100,000	10,000,000	120,000,000	130,000,000	2,500	100	1200	1,300	(50,000,000)		100,000	800	80,000,000	800	(1,000)	0.10526316	(0.22)	-0.473684210526	(50,000,000)