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Please show the work Smith Company produces and sells racquet balls. Its total revenue is given as TR = 1,000Q 0.1Q 2 The company has

Please show the work

  1. Smith Company produces and sells racquet balls. Its total revenue is given as

TR = 1,000Q 0.1Q2

The company has estimated a functional relationship between total output produced and the total cost. The annual cost of producing racquet balls in dollars is:

TC = 40,000 - 200Q + 0.4Q2

  1. Determine the profit maximizing level of output.

  1. What is the level of maximum profit?

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