Question: Question 10: If the demand function faced by a firm is: Q = 90 - 2P TC = 2 + 57Q - 8Q2 + Q3

Question 10: If the demand function faced by a firm is:

Question 10: If the demand function faced by a firm is: Q = 90 - 2P TC = 2 + 57Q - 8Q2 + Q3 Determine the level of output at which the firm maximizes the profit. Question 11: Determine the best level of output for the above question by the MR and MC approach

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