Homer's Boat Manufacturing cost function is: C(q) =
q⁴ + 10,240. The marginal cost function is: MC(q) =
q³. If Homer can sell all the boats he produces for $1,200, what is his optimal output? Calculate Homer's profit or loss.

Question

Homer's Boat Manufacturing cost function is: C(q) =

q⁴ + 10,240. The marginal cost function is: MC(q) = Homer's Boat Manufacturing cost function is: C(q) = q<sup>4</sup> + 10,240. The marginal cost function is: MC(q) = q<sup>3</sup>. If Homer can sell all the boats he produces for $1,200, what is his optimal output? Calculate Homer's profit or loss.

q³. If Homer can sell all the boats he produces for $1,200, what is his optimal output? Calculate Homer's profit or loss.

Quizplus · Accepted Answer

The Answer of Homer's Boat Manufacturing cost function is: C(q) = q⁴ + 10,240. The marginal cost function is: MC(q) = q³. If Homer can sell all the boats he produces for $1,200, what is his optimal output? Calculate Homer's profit or loss.

Homer's Boat Manufacturing Cost Function Is: C(q) =