February 19, 2017

Homework Help: Economics

Posted by Jeff on Friday, April 6, 2007 at 3:20pm.

I thinks i got the problem right this time

TC =2,500,000+500q+0.005Q^2 (squared)
Mc =500+0.01Q

Calculate profit maximizing level
Calculate the company's optimal profit and optimal profit as a percentage of sales revenue

Can anyone help here I am lost

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