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You're running a small firm, and you have an estimate of both your cost function and your demand curve. Your cost function is TC=890-17q+4q^2, while
You're running a small firm, and you have an estimate of both your cost function and your demand curve. Your cost function is TC=890-17q+4q^2, while your inverse demand curve is P=884-0.1q, where P is the price of one unit of your output and q is the quantity of units produced and sold. If you wanted to minimize costs, what quantity would you produce? Please round your answer to the nearest whole number (i.e., no decimal places). Type your answer. 10 10 points You're running a small firm, and you have an estimate of both your cost function and your demand curve. Your cost function is TC=510-18q+2q^2, while your inverse demand curve is P=1,249-0.5q, where P is the price of one unit of your output and q is the quantity of units produced and sold. If you wanted to maximize revenue, what quantity would you produce? Please round your answer to the nearest whole number (i.e., no decimal places). Type your
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