1. Consider that in year 1, there is a Q = 350 and P = 20 and the value of the purchase for buyers is VT = 5,000 and for year 2 we have that Q = 390, the P = 22 and VT = 4,800. Determine: a.Total spending for both periods. b. VMg and GMg c. Net Profit for both periods. D. Marginal Net Profit. E. There is a profit maximization. VMg = GMg Just answer D

1. Consider that in year 1, there is a Q = 350 and P = 20 and the value of the purchase for buyers is VT = 5,000 and for year 2 we have that Q = 390, the P = 22 and VT = 4,800. Determine: a.Total spending for both periods. b. VMg and GMg c. Net Profit for both periods. D. Marginal Net Profit. E. There is a profit maximization. VMg = GMg Just answer D

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.2P

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