hoyboy asked in Social ScienceEconomics · 5 months ago

Economics problem?

If a competitive firm can sell its product at $1600 per unit and the marginal cost of the firm is MC= 1,100 +2Q, then the firm will produce

1,084 units

250 units

160 units

1,100 units

formula and the work to solve would be appreciated.

1 Answer

  • Oiy
    Lv 4
    5 months ago

    MC=MR or 1100+2Q=1600, Q=500/2=250

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