Suppose that the total revenue function of a firm is given, Ask an Expert

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Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output. Find the level of output q that will maximize the firm’s total revenue. Also, compute the maximum amount of total revenue received by the firm.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91423848

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