Question: Given the cost information in the previous question TC = 40 + 0.1 Q 2 - 0.2Q MC = .2Q - .2 Market price =

Given the cost information in the previous question

TC = 40 + 0.1 Q2 - 0.2Q

MC = .2Q - .2

Market price = $4.20

Marginal revenue (MR)= $4.20 at all output levels.

What is the profit at the profit-maximizing output level (the output level derived in the previous question)?

a.

$45.00
b.

$10.50
c.

$6.30
d.

$8.40

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