Explore BrainMass

Explore BrainMass

    Help with P=MR=MC

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    In a perfectly competitive firm, with the current price of a product being $42.00, and a marginal cost function of MC=.006Q.

    How many cases would the firm have to produce in order to maximize profits?

    © BrainMass Inc. brainmass.com March 4, 2021, 8:21 pm ad1c9bdddf
    https://brainmass.com/economics/microeconomics/help-p-mr-mc-162196

    Solution Summary

    The expert examines the current price of a product being $42/00 and a marginal cost functions of MC.

    $2.49

    ADVERTISEMENT