A company manufactures a piece whose marginal revenue is 100-0.02n and the total cost is 0.0002n2...

A company manufactures a piece whose marginal revenue is 100-0.02n and the total cost is 0.0002n2 + 10000. Where n is the volume of production.

to. Calculate the volume of production to minimize the unit cost of production.

b. Calculate the production volume to maximize the profit.

c. Calculate the production volume for the Equilibrium point.

Expert Solution

Rahul Sunny answered 2 years ago

marginal revenue equals marginal cost to maximize total revenue

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