Please help me break down the equation to get to the right solution. Thank you! 1. The
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 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
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill