Question: Please Explain 36-39 Profit Maximization (22 points) Total Cost (TC); Total Revenue (TR) Let TC =0.125 Q' + 100 Q and TR = -0 .075
Please Explain 36-39

Profit Maximization (22 points) Total Cost (TC); Total Revenue (TR) Let TC =0.125 Q' + 100 Q and TR = -0 .075 Q2 + 200 Q 250 2 28) What is the profit maximizing quantity? 45312.5 2 29) What is total revenue at Q profit max? 181.25 2 30) What is Price at the profit maximzing level? 12500 2 31) What is profit at Q profit max? 2 32) T/F The Profit Function can be written as Profit = TR - TC =100 Q-0.2 Q2 t 2 33) T/F Taking the derivative of the Profit Function, setting it equal to zero and solving for Q yields the same profit maximizing Q that we get from a TR-TC perspective. 12495 2 34) What is profit at five units less than the profit maximizing Q? 12495 2 35) What is profit at five units more than the profit maximizing Q? 2 36) What is point elasticity of demand at the profit maximizing Q? 1 37) What is the Mark-up factor value? 1 38) What is MC * Mark-up factor equal to at the profit maximizing Q? 1 39) T/F This is the same price as reported in 24) above
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