Determine the Profit Maximizing Q. Use both approaches (TR-TC&MR -MC) and compute for the Total Revenue. 1. TC = 305 – 17Q + 7Q^2 P - 200.00

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A: The profit is maximized where the Marginal Revenue is equal to the Marginal cost. or  MR = MC.

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A: The table for the values of MR, ATC, AVC & MC is given below:

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A: Marginal cost MC is nothing but the differentiation of Total cost TC with respect to quantity.

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A: Profit maximizing output is when MR= MC ie the marginal revenue and marginal cost are equal.  In…

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A: Teddy's profit(π) function is: Profit=Total Revenue-Total cost=16q-q2250-500-0.2q=15.8q-500-q2250

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A: Profit maximization is the ultimate goal of every firm operating in the market.

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A: R(x) = 189.6x - 10x2 C(x) = 312 + 39.4x   Domain has 1 less than equal to x less than equal to 15

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A: Demand Equation, P = 8000 - 24Q Quantity, Q = 100 Marginal Revenue =?

Q: C(x) = 70 + 0.10x + 0.001x2 dollars.

A:

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A: Given values:

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Q: A firm faces the total revenue schedule TR = 600q - 0.5q2 i) What is the marginal revenue when q is…

A: Given total revenue (TR) schedule :- TR = 600q - 0.5q2