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28 Sep 2019
You have the following information for a firm:
TR = 200Q - Q^2
MR = 200 - 2Q
TC = 1000 - 8Q + Q^2
MC = -8 + 2Q
a. If the firm produces 60 units of output, what are profits or losses for the firm?
b. Is the firm maximizing profits producing Q = 60? If not, what is the profit-maximizing level of output produced?
c. What are maximum profits?
You have the following information for a firm:
TR = 200Q - Q^2
MR = 200 - 2Q
TC = 1000 - 8Q + Q^2
MC = -8 + 2Q
a. If the firm produces 60 units of output, what are profits or losses for the firm?
b. Is the firm maximizing profits producing Q = 60? If not, what is the profit-maximizing level of output produced?
c. What are maximum profits?
Romarie Khazandra MarijuanLv10
28 Sep 2019