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A firm has the total cost function and the market demand function given TC(Q) P = 2Q 2Q +5Q + 400 135 - 4Q (i)
A firm has the total cost function and the market demand function given
TC(Q) P = 2Q 2Q +5Q + 400 135 - 4Q (i) Specify the total revenue function, TR(Q). (ii) Specify the marginal cost and the marginal revenue functions: MC(Q) and MR(Q). (iii) Solve the equality MC(Q) = MR(Q) for Q.
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
