(A) 15 units gives the maximum profit. (B) The price is $60. (C) The revenue is 60*15-15*15=900-225=675Under perfect competition, MR=MC, and MC=15, and MR=15 when Q=13, so that is the answer for (E)Getting D is going to take me a little longer to compute.
what's answer of D? Thank you.
I'm trying to get it. The formula is not working for me.
Ok, take your time.
I am getting a deadweight loss of $12. (15-13)*(51-45) = 2*6 = 12
I just did the numbers again, and I get the same answer, so I am confident.