Economics

The short-run cost function of a firm is as follows:
TC = 200 + 5Q + 2Q2
Where TC = Total Cost
Q = Physical units of the product of the firm
What would be the level of optimum output?

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  1. Q=10p-3 and TC=2Q

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  2. Suppose the firm faces a demand curve for its product P=32-2q
    And the firms costs of product
    And marketing are C(q)
    Find the following
    A) the formula for profit in terms of Q
    B) the maximum total revenue to be generated
    C) the price and quantity that minimize total revenue and the correspondening value of total revenue.

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  3. student

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  4. Tc=40,000+300Q2-Q3

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  5. Tc

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  6. 10

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