Use the demand schedule that is presented in the table below to determine the optimal rate of production and price when the firm has the following marginal cost function: MC = 1 + Q.
$$\begin{array} { l r r r r r r r r r r }
\text { Quantity } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
\text { Price } & 80 & 60 & 48 & 40 & 34 & 29 & 25 & 20 & 15 & 10
\end{array}$$

Question

Use the demand schedule that is presented in the table below to determine the optimal rate of production and price when the firm has the following marginal cost function: MC = 1 + Q.
 $$\begin{array} { l r r r r r r r r r r } 
\text { Quantity } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
\text { Price } & 80 & 60 & 48 & 40 & 34 & 29 & 25 & 20 & 15 & 10
\end{array}$$

Quizplus · Accepted Answer

The Answer of Use the demand schedule that is presented in the table below to determine the optimal rate of production and price when the firm has the following marginal cost function: MC = 1 + Q.
 $$\begin{array} { l r r r r r r r r r r } 
\text { Quantity } & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
\text { Price } & 80 & 60 & 48 & 40 & 34 & 29 & 25 & 20 & 15 & 10
\end{array}$$

Use the Demand Schedule That Is Presented in the Table