A hardware shop has its total revenue (TR) and total cost (TC) functions estimated as TR 600Q 6Q 2 and TC 800 1000Q 4Q 2 respectively Find the quantity of output (Q) that maximizes the firm 's profits give correct more detailed answers and show your workings ...

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A hardware shop has its total revenue (TR) and total cost (TC) functions estimated as TR =

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A hardware shop has its total revenue (TR) and total cost (TC) functions estimated as TR = 600Q - 6Q ^ 2 and TC= 800 + 1000Q + 4Q² respectively. Find the quantity of output (Q) that maximizes the firm's profits.

give correct more detailed answers and show your workings

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Managerial economics applications strategy and tactics

ISBN: 978-1439079232

12th Edition

Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris

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Posted Date: Mar 28, 2023 11:53 PM

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A hardware shop has its total revenue (TR) and total cost (TC) functions estimated as TR =

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Managerial economics applications strategy and tactics

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