Answered: TR = 120 Q – Q2 TC = 12 Q2 +30 Q + 10…

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Economics

TR = 120 Q – Q2 TC = 12 Q2 +30 Q + 10 Determine the quantity level at which the firm maximizes its total profit.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter23: Profit Maximization

Section: Chapter Questions

Problem 3E

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TR = 120 Q – Q2
TC = 12 Q2 +30 Q + 10
Determine the quantity level at which the firm maximizes its total profit.

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