Hi i really need your help with parts c & d in this problem, i provided the work for a & b just need help finishing it off JJU0, tInell TIHU!a)The number of units of production resulting in maximum monthly profitb) The maximum monthly profitc) Associated fixed costsd) How many units does the firm need to manufacture and sell in order to break eb) PELTR) -GC)P=[me-Smc.a MR=MC×こ23003500=1200+xーて0 -2003500x- 120xこ300ニメ(33 00)3500( 2300) - 1200(2300) – .E050000-2760,00-2645.0200 264500×こ 2300nh 3. A firm can produce at most x = 2500 units per month, and their marginal cost functionhas been computed to be MCunits is $70,000. If their marginal revenue function has been computed to be MR = 3500= 1200 +x , while the cost of producing and selling 30then find:a) The number of units of production resulting in maximum monthly profitb) The maximum monthly profitc) Associated fixed costsd) How many units does the firm need to manufacture and sell in order to break even?

Total cost for 30 units is 70,000 Marginal Cost for 30 units is 1200+x TVC is the summation of MC.…

A firm can produce at most x = 2500 units per month, and their marginal cost function has been computed to be MC = units is $70,000. If their marginal revenue function has been computed to be MR = 3500 = 1200 + x , while the cost of producing and selling 30 then find: a) The number of units of production resulting in maximum monthly profit b) The maximum monthly profit c) Associated fixed costs d) How many units does the firm need to manufacture and sell in order to break even?

A firm can produce at most x = 2500 units per month, and their marginal cost function has been computed to be MC = units is $70,000. If their marginal revenue function has been computed to be MR = 3500 = 1200 + x , while the cost of producing and selling 30 then find: a) The number of units of production resulting in maximum monthly profit b) The maximum monthly profit c) Associated fixed costs d) How many units does the firm need to manufacture and sell in order to break even?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter9: Applications Of Cost Theory

Section: Chapter Questions

Problem 1.3CE

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