Qestion 1 what output will maximize total revenue if tr , Ask an Expert

Economics

Question: 1. What output will maximize total revenue if TR = 250q - 2q2?

2. If a firm faces the demand schedule p = 90 - 0.3q how much does it have to sell to maximize sales revenue?

3. A firm faces the total revenue schedule TR = 600q - 0.5q2

(a) What is the marginal revenue when q is 100?

(b) When is the total revenue at its maximum?

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Macroeconomics, Economics

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