Currently the Marginal Cost equation is given by MC = 10 + 2 Q for a shoe manufacturing company. The market price per pair is $60. How many units should the company produce?

Name: Currently the Marginal Cost equation is given by MC = 10 + 2 Q for a shoe manufacturing company. The market price per pair is $60. How many units should the company produce?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Answer is The company should produce 25 units. We get this by setting MC = P and solving for Q: 10 + 2 Q = 60 or 2 Q = 50 Q = 25 units

Currently the Marginal Cost Equation Is Given by MC =