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Afirm'stotalcostandmarginalcostfunctionsare:TC=10Q 2 +2Q-2andMC=20Q+2.Assumethatthemarketpriceis62andthatthemarginalrevenue(MR)isalso62atalloutputlevels.Whatistheprofit-maximizingoutputlevel?

Afirm'stotalcostandmarginalcostfunctionsare:TC=10Q2+2Q-2andMC=20Q+2.Assumethatthemarketpriceis62andthatthemarginalrevenue(MR)isalso62atalloutputlevels.Whatistheprofit-maximizingoutputlevel?

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