Given the cost and price information in the previous question TC 5 Q 2 4 Q 2 MC 10 Q 4 Market price 24 Marginal revenue (MR) 24 at all output levels What is the profit maximizing output level ...

To find the firms total profit at the profitmaximizing o ...

Given the cost and price information in the previous question TC = 5 Q 2 + 4

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Question:

Given the cost and price information in the previous question

TC = 5 Q² + 4 Q - 2

MC = 10 Q + 4.

Market price = 24

Marginal revenue (MR) = 24 at all output levels.

What is the profit-maximizing output level?

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Economics Today The Macro View

ISBN: 9780135888681

20th Edition

Authors: Roger LeRoy Miller

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Posted Date: Apr 28, 2024 10:46 AM

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Given the cost and price information in the previous question TC = 5 Q 2 + 4

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Economics Today The Macro View

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