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1. TR= 600q - 100q2 and TC= 100q + 25q2 + 50 - What are the Fixed Costs? FC = - The Variable Costs are

1. TR= 600q - 100q2 and TC= 100q + 25q2 + 50

- What are the Fixed Costs? FC =

- The Variable Costs are 100q + 25q^2 (True or False?)

- What is the MC? MC =

- What is the MR? MR =

- At what quantity is profit maximized? q =

- What is the maximum profit? Max profit =

2. When a firm's current ratio is 20 over 10, it is:

A. Insolvent B. Illiquid C. Doomed D. Profitable E. None of these

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