What price will the firm charge to maximize its profits?, Ask an Expert

Economics

A firm's total revenue is given by; TR= 30Q-Q^2

Its total cost function is given by TC= Q^2+10Q+10

a.find the profit maximizing output

b.what price will the firm charge to maximize its profits?

c.what are total profits?

d. Would a 50% tax on profits alter the firms output? by what amount and why?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9443694

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