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Find a maximum profit for a firm if its total revenue function is TR = 50Q - Q2 and its total cost function is TC = 100 - 4Q + 2Q2

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter4: Extent (how Much) Decisions

Section: Chapter Questions

Problem 4MC

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Find a maximum profit for a firm if its total
revenue function is
TR = 50Q - Q2 and its total cost function is TC =
100 - 4Q + 2Q2

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