bguzman9611 bguzman9611
  • 04-05-2024
  • Business
Answered

Assume that a competitive firm has the total cost function:
TC=1q³−40q²+740q+1600TC=1q³-40q²+740q+1600
Suppose the price of the firm's output (sold in integer units) is $650 per unit.
Create tables (but do not use calculus) with columns representing cost, revenue, and profit to find a solution.
How many units should the firm produce to maximize profit?



Answer :

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