Gilberto's profit is maximized when he produces shirts. When he does this, the marginal cost of the last shirt he produces is $ , which is than the price Gilberto receives for each shirt he sells. The marginal cost of producing an additional shirt (that is, one more shirt than would maximize his profit) is $ , which is than the price Gilberto receives for each shirt he sells. Therefore, Gilberto's profit-maximizing quantity corresponds to the intersection of the curves. Because Gilberto is a price taker, this last condition can also be written as P=MC .
Answers: 1
Business, 21.06.2019 12:50
Suzanna decided not to pay federal income tax, saying that paying federal income tax is optional. describe two possible consequences of suzanna’s decision
Answers: 2
Business, 22.06.2019 11:30
What would you do as ceo to support the goals of japan airlines during the challenging economics that airlines face?
Answers: 1
Business, 22.06.2019 12:00
Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.
Answers: 1
Business, 22.06.2019 17:30
Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?
Answers: 1
Gilberto's profit is maximized when he produces shirts. When he does this, the marginal cost of the...
Mathematics, 24.12.2019 14:31
Biology, 24.12.2019 14:31
Spanish, 24.12.2019 14:31
Mathematics, 24.12.2019 14:31
History, 24.12.2019 14:31
Chemistry, 24.12.2019 14:31
Mathematics, 24.12.2019 14:31
History, 24.12.2019 14:31
Mathematics, 24.12.2019 14:31
Social Studies, 24.12.2019 14:31