Question #45436
a profit maximization perfectly comptitive firm face the following function total cost function TC=10Q²+50 and marginal revenu (MR)=10 based on the above given information.
a) calculat totale revenu function ?
b) find or determine the optimal level of out put or profit maximization output?
c) calculat the maximum profit or loss at optimal level of out pot?
1
Expert's answer
2014-09-05T12:21:31-0400
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