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A certain company has a weekly fixed cost of P10,000 and a variable production cost of VC = 500Q -Q 2 + 0.001Q 3 If
A certain company has a weekly fixed cost of P10,000 and a variable production cost of
VC = 500Q -Q2 + 0.001Q3
If the total revenue per week is given by TR = 1500Q - 3Q2
Determine the profit equation and the marginal profit equation
Determine the level of Q that maximizes total revenue.
Determine the level of Q that minimizes the total cost.
Determine the level of Q that maximizes the total profit.
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