A greenhouse is selling rosemary plants. The demand curve is 10 - 0.20 Q, while their marginal cost to produce the plants is described by 1 + 0.25 Q. Say that the greenhouse sets their quantity to 10. What is the TOTAL willingness to pay for the 10 plants?

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A: Referencehttps://www.investopedia.com/terms/e/economicprofit.asp

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A: Total cost equation,TC=500+10q+5q2Marginal cost equation, MC=10+10qDemand function, Qd=105-12P

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Q: If demand function is given by P = 40 - 2Q then what is the procedure to get marginal revnue ?

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Q: Market equilibrium takes place when MC < MR

A: Market equilibrium is a state of rest where there is no tendency to move further.

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A: TR = P x Q = 50Q - 2Q2

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A: Firms in perfect competition are price takers that is they accept the market price as given.

Q: perfect competition

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Q: Q1: Analytical part - 8% Best Orange Juice Company is located in Oman. The cost function for total…

A: MC = dC(q)/Dx = 0.5x = 0.5xm + 0.5xs

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