Question: The Togs Company's fixed costs are 10, variable costs per unit are Q+5 and the demand function is P+6Q=201 (a) Find the equation for the

The Togs Company's fixed costs are 10, variable costs per unit

The Togs Company's fixed costs are 10, variable costs per unit are Q+5 and the demand function is P+6Q=201 (a) Find the equation for the total revenue function TR. [1 mark] (b) Find the equation for the total cost function TC. [1 mark] (c) Find the equation for the profit function . [1 mark] (d) Find the marginal revenue function MR. [1 mark] (e) Find the marginal cost function MC. [1 mark] (f) Find the marginal profit function dQd. [1 mark] (g) Find the quantity that gives the maximum profit. [2 marks] [Total: 8 marks] Enter the answers only, do not show working. Answer: TR= TC= = MR= MC= dQd= max profit when Q= The Togs Company's fixed costs are 10, variable costs per unit are Q+5 and the demand function is P+6Q=201 (a) Find the equation for the total revenue function TR. [1 mark] (b) Find the equation for the total cost function TC. [1 mark] (c) Find the equation for the profit function . [1 mark] (d) Find the marginal revenue function MR. [1 mark] (e) Find the marginal cost function MC. [1 mark] (f) Find the marginal profit function dQd. [1 mark] (g) Find the quantity that gives the maximum profit. [2 marks] [Total: 8 marks] Enter the answers only, do not show working. Answer: TR= TC= = MR= MC= dQd= max profit when Q=

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