Re: ISI PEB (Economics), 2014 ANSWERS 1 TO 5..

Posted by dhruv on May 04, 2015; 1:30am
URL: http://discussion-forum.276.s1.nabble.com/ISI-PEB-Economics-2014-ANSWERS-1-TO-5-tp7595987p7596568.html

You are optimizing for a firm, therefore, for MC, 'n' wouldn't enter the equation. Only in inverse demand function while calculating price you will consider output of the industry. Also, while calculating profits, it should be (100-nq)q, and similarly in other expressions.