Compute same after the osha guidelines have been met

Reference no: EM1329177

Question about Costs of regulation

Market demand and cost revenue relations:
P=$5000 -$0.25Q
MR=$5000 - $0.5Q^2(squared)
TC=$6,000,000 + $500Q +$0.5Q^2(squared)
MC+$500+$1Q

Marginal cost: $150 per unit, OSHA mandated safety feature

A. Calculate profit-maximizing price/output combination and economic profit level before installation of the OSHA mandated shielding equipment

B Calculate same after the OSHA guidelines have been met. Who pays the economic burden of meeting OSHA guidelines?

Reference no: EM1329177

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