Homework Help: Managerial Economics

Posted by Hydie on Tuesday, November 9, 2010 at 11:13pm.

5. Call Us demand function is Q = 20 – 0.2P and the MC = 10 + 5Q.
Given that TFC = $2,000;

a) Derive an equation for the TC.

b) Calculate the profit at the profit maximizing level.

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