1   If the short-run marginal cost of a firm and the market price are given by SRMCQ) = 4Q+ 10 and P - $34, what is output level that maximizes the firm's short-run profit? en birini seçin: a

marginal cost is the cost added by producing one additional unit of commodity.

marginaal revenue is the revenue gained by producing one additional unit of the commodity.

MR=MC

MC= 4Q+10

TR=P*Q=34Q

MR=dTR/dQ= 34

profit maximization is when MC=MR

34=4Q+10

Q=6

firms short run profit get maximized at output=6 units

There is a high chance that Belize will actually be benefited from regional trade agreements this is because of the fact that the entire economy of Belize revolves around the traditional tourism sector where the manufacturing as well as the services economy are not well developed which makes the country a less developed country on the whole. Belize, on the other hand, started to look upon options or alternative in order to themselves in other sectors apart from tourism and that is the reason why this duty free exports and imports can bring in more goods and services to the country as a result of which Belize would ultimately be benefitted all in all.