Question
A firm faces the demand schedule p = 190 - 0.6q And the total cost function TC = 40 + 30q + 0.4 q2 a)
A firm faces the demand schedule p = 190 - 0.6q And the total cost function TC = 40 + 30q + 0.4 q2 a) What output will maximize profit? b) What output will maximize total revenue? c) What will the output be if the firm makes a profit of $4,760?
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
