Question

Given cost equation and demand curve equation, how do you find the quantity for max profit?

Answer 1

omg i kind of remember this from economics class...last year...nvm ..wait..

Answer 2

nope nothing

Answer 3

For example,
C(q) = 0.7q^2 - 1600q +900,000 (cost equation)
p(q) = 400 - 0.5q

Answer 4

find equilibrium point

Answer 5

isn't the maximum profit when marginal cost = marginal return?

Answer 6

yes, that's equilibrium point

Answer 7

kk thanks