In the long run, you are given the following: The total revenue curve is TR= -4Q^2 + 28Q +235. The average variable cost curve is AVC = 4Q-36+(100/Q). At what level of output should the firm operate in order to maximize profits?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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In the long run, you are given the following:

The total revenue curve is TR= -4Q^2 + 28Q +235.

The average variable cost curve is AVC = 4Q-36+(100/Q).

At what level of output should the firm operate in order to maximize profits?

 

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