A firm has revenue given by and its cost function is R(q) = 3409-3q² C(q) = 600 + 10q. What is the profit-maximizing level of output? What profit does the firm earn at this output level? The firm maximizes profit by producing q= (Enter your response as a whole number.)

A firm has revenue given by and its cost function is R(q) = 3409-3q² C(q) = 600 + 10q. What is the profit-maximizing level of output? What profit does the firm earn at this output level? The firm maximizes profit by producing q= (Enter your response as a whole number.)

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter2: Mathematics For Microeconomics

Section: Chapter Questions

Problem 2.2P

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Question

A firm has revenue given by and its cost function is R(q)= 3409-3q 1-3q² C(q) = 600 + 10q. level of output? What profit does the firm earn at What is the profit-maximizing this output level? The firm maximizes profit by producing (Enter your response as a whole number.)

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Take care of plagiarism.

Answer completely.

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A firm has revenue given by
and its cost function is
R(q) = 3409-3q²
C(q) 600+ 10q.
What is the profit-maximizing level of output? What profit does the firm earn at
this output level?
The firm maximizes profit by producing
q=
(Enter your response as a whole number.)

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