# Maximizing your profits

Please help with the following problems. Provide step by step calculations for each.

The yearly cost of producing computers is: C(Q) = 20,000 + 2Q2 , where 'Q' represents the number of computer systems produced.

Marginal Cost (MC) = 4Q

Yearly demand for computers is: Q = 1,000 - P, where 'P' represents the selling price of a computer system.

Marginal Revenue (MR) = 1000 - 2Q

1) How many PC's should you produce to maximize profits? Show your work

2) If you change the profit maximizing price, what is the profit / loss?

3) How much does the last unit you produce cost you to make?

https://brainmass.com/economics/output-and-costs/maximizing-your-profits-537526

#### Solution Preview

Maximize profits

The yearly cost of producing computers is: C(Q) = 20,000 + 2Q2 , where 'Q' represents the number of computer systems produced.

Marginal Cost (MC) = 4Q

Yearly demand for computers is: Q = 1,000 - P, where ...

#### Solution Summary

The following posting helps with economics problems. These include questions about maximizing profits and calculating units to produce costs. Step by step calculations are given for each problem.