3. Rudy Chappa owns an internet running goods website. He sells a single type of shoe: ‘Nike elite' cross country shoes. If the revenue function for the shoes is TR = (140- Q)Q and the cost function is TC = 1200 + 20Q, what is his profit maximizing number of shoes? a. 20 b. 40 c. 60 d. 80

3. Rudy Chappa owns an internet running goods website. He sells a single type of shoe: ‘Nike elite' cross country shoes. If the revenue function for the shoes is TR = (140- Q)Q and the cost function is TC = 1200 + 20Q, what is his profit maximizing number of shoes? a. 20 b. 40 c. 60 d. 80

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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