Profit maximizing quantity and input combination

Assignment Help Macroeconomics
Reference no: EM1315463

a. You are told to produce a quantity that maximizes profit. How many units do you produce and what is your profit? How many machine and labour hours are used in production?

b. At this level of profit-maximizing output, what is your marginal cost, average variable cost, and average fixed cost of production?

Reference no: EM1315463


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