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Your firm's reseach department has estimated your total revenue to be R(Q) = 3000-8Q2 and your total cost to be (CQ) = 100 + 2Q2
Your firm's reseach department has estimated your total revenue to be R(Q) = 3000-8Q2 and your total cost to be (CQ) = 100 + 2Q2 ( Note that : MB = 3000 - 16Q and MC = 4Q)
a. What level of Q maximizes profit?
b. What the maximum level of profit?
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