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# If Tiger toys faces a demand curve of P 85 - .25Q and a MC

### Resolved Question:

If Tiger toys faces a demand curve of P = 85 - .25Q and a MC = ATC = 20, then the economic profits would be ____________.
Submitted: 4 years ago.
Category: Homework
Expert:  Chris M. replied 4 years ago.

HelloCustomer

If Tiger toys faces a demand curve of P = 85 - .25Q and a MC = ATC = 20, then the economic profits would be ____________.

P = 85 - 0.25Q
TR = 85Q - 0.25Q^2

MR = 85 - 0.5Q

20 = 85 - 0.5Q

65 = 0.5Q

130 = Q

P = 85 - (0.25*130) = 52.5
P = \$52.50

Edited by Chris M. on 3/20/2010 at 10:45 PM EST
Customer: replied 4 years ago.

This response is not among my choices...

Expert:  Chris M. replied 4 years ago.

Hello QueensRock,

What are the multiple choices?

Expert:  Chris M. replied 4 years ago.
You can view this answer by clicking here to Register or Login and paying \$3.
Chris M., M.S.W. Social Work
Category: Homework
Satisfied Customers: 2543
Experience: Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)

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