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Dyna Rubber Inc. manufactures a high performance tire called the Sport 70. Fixed development costs for the current year are $600,000 per year. Marginal costs for manufacturing and distribution are $63 per tire. Based on recent sales experience, the estimated price for the Sport 70 is P = $130 - $.000125Q 1. Calculate the firms TR function 2. Calculate the firm’s TC function 3. Calculate the output, price total revenue and total profit at the revenue maximizing activity level 4. Calculate the output, price total revenue and total profit at the profit maximizing activity level

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91697229

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