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Please solve. TR = 200q - 1/2q 2 and TC = 200q - 10q 2 + 1/3q 3 find MR. find Maximum TR. Find MC.

Please solve.

TR = 200q - 1/2q2and TC = 200q - 10q2 + 1/3q3

  • find MR.
  • find Maximum TR.
  • Find MC.
  • Find the slope of MC.
  • Find the Point of Diminishing Returns i.e. the Minimum MC
  • Find AC.
  • Find the level of q that minimizes AC; i.e. where MC = AC.
  • Find the level of q that maximize profit.
  • Find the maximum profit.

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