Question: The Burr Corporation's total cost function (where TC is the total cost in dollars and Q is quantity) is TC = 200 + 4Q +

The Burr Corporation's total cost function (where TC is the total cost in dollars and Q is quantity) is
TC = 200 + 4Q + 2Q2
a. If the firm is perfectly competitive and the price of its product is $24, what is its optimal output rate?
b. At this output rate, what is its profit?

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