Question
Suppose a firm's total revenues depend on the amount produced (q) according to the function R=70q-q 2 total cost depend on q C=q 2 +30q+100
Suppose a firm's total revenues depend on the amount produced (q) according to the function R=70q-q2
total cost depend on q
C=q2+30q+100
what level of output should the firm produce to maximize profits(R-C)? What will profit be?
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Latin America's Economy Diversity, Trends, And Conflicts
Authors: Eliana Cardoso, Ann Helwege
1st Edition
0262531259, 9780262531252
