m has the tollowing revenue and cost 400 q - 22°, and TC(2)=129 t %3D

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#6

6) A firm has Hhe following revenue and cost funcfions ;
TRC9) = 400g- 2, and TC(2) =129 t18.
Ga) Determine the optimal quantity and profit
66) Find the quantity that mnaximizes TR and the corres-
ponding profit. What is the loss compored to( Ga)?
Transcribed Image Text:6) A firm has Hhe following revenue and cost funcfions ; TRC9) = 400g- 2, and TC(2) =129 t18. Ga) Determine the optimal quantity and profit 66) Find the quantity that mnaximizes TR and the corres- ponding profit. What is the loss compored to( Ga)?
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