TO(q) = (3 + 100q + 500 where q is the quantity of notebooks produced. Assume that

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TO(q) = (3 + 100q + 500 where q is the quantity of notebooks produced. Assume that the prevailing market price of a notebook is Re. 200 and that the firm is a price taker. (a) Determine the firm's marginal cost. (b) How many notebooks should this firm produce to maximize profits? (c) How much will this firm make in profits? (d) Determine the minimum market price that is needed for the firm to be able to keep operating? (e) What is the equation for this firm's short run supply curve. Show this graphically

Posted Date: Jul 02, 2024 04:23 AM

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TO(q) = (3 + 100q + 500 where q is the quantity of notebooks produced. Assume that

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