An engineering firm recently estimated its total revenue function as TR=300q6q² and its total costs as TC = 4q². a) Determine the optimal quantity and profit obtainable at that optimal leve of output.

An engineering firm recently estimated its total revenue function as TR=300q6q² and its total costs as TC = 4q². a) Determine the optimal quantity and profit obtainable at that optimal leve of output.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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please do c, d, e
only d,e,f please
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Given = TC = f(q) = 0.3q2 -105q + 120,000 What volume should be produced for minimum cost? What is the minimum cost?
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