Question: Please help me break down the equation to get to the right solution. Thank you! 1. The total revenue and total cost function that faces
Please help me break down the equation to get to the right solution. Thank you!
1. The total revenue and total cost function that faces firm A are:
TR=10Q
TC=100+5Q+0.02Q^2 (Note: Q^2 is q-suared)
What is Firm's A marginal revenue (MR)?
Select one:
a. 20Q
b. 10
c. 200Q
d. 2Q
2. The total revenue and total cost function that faces firm A are:
TR=10Q
TC=100+5Q+0.02Q^2 (Note: Q^2 is q-suared)
What is firm's A marginal cost (MC)?
Select one:
a. 5+0.04Q
b. 50-0.04Q
c. 50+0.04Q
d. 5+4Q
3. The total revenue and total cost function that faces firm A are:
TR=10Q
TC=10+2Q+0.01Q^2 (Note: Q^2 is q-squared)
What is firm's A profit maximizing quantity (Q)?
Select one:
a. 25
b. 400
c. 1250
d. 50
4. The total revenue and total cost function that faces firm A are:
TR=10Q
TC=10+2Q+0.01Q^2 (Note: Q^2 is q-squared)
What is firm's A profit?
Select one:
a. -$1,590
b. $159,000
c. $159
d. $1,590
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