2.Firm A makes and sells motor cycles. The total cost ofeach cycle is the sum of the costs of frames, assembly andengine. The firm produces its own engines according to thecost equation C₁=250,000 + 1,000Q +5Q²The cost of frames and assembly is $2,000 per cycle.Monthly demand for cycles is given by the inverse demandequation:P = 10,000-30QCalculate the MC of producing an additional engine.

The term "marginal cost" refers to the rise or decrease in expenses incurred as a result of…

2. Firm A makes and sells motor cycles. The total cost of each cycle is the sum of the costs of frames, assembly and engine. The firm produces its own engines according to the cost equation C₂=250,000 + 1,000Q +5Q² The cost of frames and assembly is $2,000 per cycle. Monthly demand for cycles is given by the inverse demand equation: P = 10,000-30Q Calculate the MC of producing an additional engine.

2. Firm A makes and sells motor cycles. The total cost of each cycle is the sum of the costs of frames, assembly and engine. The firm produces its own engines according to the cost equation C₂=250,000 + 1,000Q +5Q² The cost of frames and assembly is $2,000 per cycle. Monthly demand for cycles is given by the inverse demand equation: P = 10,000-30Q Calculate the MC of producing an additional engine.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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