“Market Structures”

the following weekly demand and short-run cost functions:

VC = 20Q+0.006665 Q2 with + 0.01333Q and FC = $5,000

Don't use plagiarized sources. Get Your Custom Essay on
“Market Structures”
Just from $13/Page
Order Essay

P = 50-0.01Q and MR = 50-0.02Q

*Where price is in $ and Q is in kilograms. All answers should be rounded to the nearest whole number.

  • Algebraically, determine what price Katrina’s Candies   should charge in order for the company to maximize profit in the short run. Determine the quantity that would be produced at this price and the maximum profit possible.
  • please check the attached file , thank you

VC= 20Q +0.006665Q2MC= 20+0.01333QFC=$5000P=50-0.01QMR=50-0.002QTo maximize profits; MC=MR20+0.01333Q= 50- 0.002Q0.01533Q= 30Q=1957kgs; quantity to produce in order to maximize profits P=…

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.
error: Content is protected !!
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code GOODESSAY