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Chris M.
Chris M., M.S.W. Social Work
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If Tiger toys faces a demand curve of P 85 - .25Q and a MC

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

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

 

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Edited by Chris M. on 3/20/2010 at 10:45 PM EST
Customer: replied 6 years ago.

This response is not among my choices...

Hello QueensRock,

 

What are the multiple choices?

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