Need economics help with profits

Anonymous
timer Asked: Dec 20th, 2015
account_balance_wallet $5

Question Description

Tutor Answer

JamesM847
School: University of Maryland

Thank you for the opportunity to help you with your question!

32*16 = 512

24*32 = 768

16*48 = 768

profit maximize output is 24 tuning per month, profit maximize price is $24 per tuning

the profit = 768-1000-8*24 = -232-192 = -524

she loses $524 per month. 


Please let me know if you need any clarification. I'm always happy to answer your questions.

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Anonymous
Good stuff. Would use again.

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