Posts Tagged ‘Profits’
Internet Marketing with AutoPilot Profits System APS
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What Is The Profit-maximizing Output Level And What Are The Firms Economic Profits?
I’m at a loss… Any and all help is greatly appreciated. Thank you!
The marginal revenue curve of a monopoly crosses its MC curve at $30 per unit, & an output of 2 million units. The price consumers are willing to pay for this output is $40 per unit. If it produces this output the firm’s ATC is $43 per unit, & its AFC is $8 per unit. What is the producer’s profit maximizing output level? What are the firm’s economic profits?
