Given the following TR and TC function of a firm:
_ 0.9 10 5
3
1
22 0.5 2 3 2 TR Q Q and TC Q Q Q
a) Determine the level of P and Q maximize profit and
b) Compute equilibrium profit or loss and determine the decision of the firm.
_ 0.9 10 5
3
1
22 0.5 2 3 2 TR Q Q and TC Q Q Q
a) Determine the level of P and Q maximize profit and
b) Compute equilibrium profit or loss and determine the decision of the firm.