Need help with problems d and e, heres my work, need to know where to go from there 0. If the Marginal Cost for a product is found to be MC = 8x + 60, and the Marginal Revenue is givenas MR = 1200 and the cost of 8 units is found to be $1600, what are:fontena. the Total Costs?TC =S(8x+60)dx736th=1600-736_-13レTC):4.8H60.8thれンや6424,2 +60 x theTC=4x460x18644.64+460 te =1600256 +460 tk=lbw>Fisce cat = $864)b. the Fixed Costs?nothing con change the unhreeven wim thh chase inxMAh ny thys a Eivee costCらりc. the Total Profit?FurctierTR=SMR da/Pofit- Fr-TCTR-S1200da200x+K-(4,246bortEL4)TR-Sz00Kte 10 -42-6ox -864d. the production level, x, that yields Maximum Profit?Jalvee. the corresponding Maximum Profit?

d) For the output which maximizes the profit would be where MR=MC So,1200=8x+601140=8xx=142.5…

6. If the Marginal Cost for a product is found to be MC : as MR = 1200 and the cost of 8 units is found to be $1600, what are: = 8x + 60, and the Marginal Revenue is given fonten a. the Total Costs? 734+んこ16の > TCB)こ48Ho 8+h -736 1るレ TC =S(8x+6oldx TU8)=1600 TC=4x460x1864 09にH809+,3«b 24,2 t60 x tK 4.64+480 tk =1600 256-460 +ル=lbw b. the Fixed Costs? Firce cst=%864 nothing con change He unhre even wim h chose in s MAh My ths a Evee Cost Furetion c. the Total Profit? イQSmeda IProfit- Fr-TC 200x+K-(4,24bostEL4) TR-S200

6. If the Marginal Cost for a product is found to be MC : as MR = 1200 and the cost of 8 units is found to be $1600, what are: = 8x + 60, and the Marginal Revenue is given fonten a. the Total Costs? 734+んこ16の > TCB)こ48Ho 8+h -736 1るレ TC =S(8x+6oldx TU8)=1600 TC=4x460x1864 09にH809+,3«b 24,2 t60 x tK 4.64+480 tk =1600 256-460 +ル=lbw b. the Fixed Costs? Firce cst=%864 nothing con change He unhre even wim h chose in s MAh My ths a Evee Cost Furetion c. the Total Profit? イQSmeda IProfit- Fr-TC 200x+K-(4,24bostEL4) TR-S200

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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