Question: solve Question Cee Completed: 8 of 20 | My score: 6.69/20 pts (33.44%) The producer of a downloadable antivirus software program spends exactly $2,750,000 producing
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Question Cee Completed: 8 of 20 | My score: 6.69/20 pts (33.44%) The producer of a downloadable antivirus software program spends exactly $2,750,000 producing the first copy and incurring various costs required to make the software \"user-friendly.\" The firm can produce and distribute additional copies at a per-unit cost of $2.00. If the company sold as many copies as consumers wished to purchase at a price of $2.00 per copy, it would sell 400,000 copies. If the company maximizes its economic profits in the short-run, it sells 200,000 copies at a price of $30. Finally, the company earns zero economic profits when it sells 250,000 copies. What are the firm's economic profits (or losses) if it sells 400,000 copies of the antivirus software program at a $2.00 price per copy? $ -2,750,000 What are the maximum economic profits that the firm can earn in the short run? $ 2,850,000 What is marginal revenue when the firm maximizes its short-run economic profits? $ vStep by Step Solution
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