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I need help understanding how 2.5 Maximizing profit by creating a graph and to produce a marginal cost analysis answer some questions. I chose my
I need help understanding how 2.5 Maximizing profit by creating a graph and to produce a marginal cost analysis answer some questions. I chose my product to be chocolate covered pretzels at $4.00 a package. I need help with explaining the responses. Please advise and help me Which market type would my product fall under? for your product (pure/perfect competition, monopolistic competition, oligopoly, or monopoly). Please explain at the profit-maximizing quantity, is the price of your product equal to, higher than, or lower than the marginal cost? Assume Qpm is 100 units. What is the total revenue? Please explain how I would go about this and the thinking process involved also the reflection portion. How do I know which type of market this goes under? I'm selling Animal-shaped chocolate covered pretzels at $4.00 a package. Please help Is there a tutor to help me please
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