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A firm’s total cost and marginal cost functions are

                                    TC = 20 Q2 + 6 Q – 10          ;           MC = 40 Q + 6.   

Asuming that the market price is 166 and that the marginal revenue (MR) is also 166 (it is constant at all output levels),

What is the profit maximixing level of output produced?

Prove that your answer to part a., is the profit maziming quantity.

What will be máximum profits for this firm?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92201604

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