W Cav Question 10 (1 point)

Over the range of relevant possible output you have estimated a Total Revenue function TR = 700Q - 3Q² and a Total Cost function TC = Q² - 10Q. If you decided to maximize TR your profit would be approximately how much? (Your answer may differ slightly from answers below depending upon how you rounded Quantity, if you did problem correctly one of the answers is much closer to your answer than the others).

Question 10 options:

a)

$28,381

b)

$33,294

c)

$37,119

d)

$41,297