A firm has the following total revenue and total cost function: TR = 100q -...

A firm has the following total revenue and total cost function:
TR = 100q - 2q2
TC = 50 + 40q
a) Derive marginal cost
b) Derive marginal revenue
c) Determine profit maximizing output level
d) Determine the profit maximizing selling price?

In Adeniran Ogunsanya College of Education (Affliate to Ekiti State University)
2 Answers Available
Asked by Owobii on 1st February, 2023

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