Suppose a firm faces demand of Q = 300 - 2P and has a total cost curve

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Suppose a firm faces demand of Q = 300 - 2P and has a total cost curve of TC = 75Q + Q2.
a. What is the firm's marginal revenue?
b. What is the firm's marginal cost?
c. Find the firm's profit-maximizing quantity where MR = MC.
d. Find the firm's profit-maximizing price and profit.
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Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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