Revenue function
At optimal quantity,M.C=M.R
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*Solution* TC = 7q^2 + 6q + 5 MC = d/dq (7q^2 + 6q + 5) = 14q+6 Revenue function p*q = 136*q = 136q MR = d/dq (136q) = 136 At optimal quantity MC = MR 14q+6= 136 14q=136-6 14q=130 q=65/7
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Dear Funny Guy, thank you for your comment
*Solution* TC = 7q^2 + 6q + 5 MC = d/dq (7q^2 + 6q + 5) = 14q+6 Revenue function p*q = 136*q = 136q MR = d/dq (136q) = 136 At optimal quantity MC = MR 14q+6= 136 14q=136-6 14q=130 q=65/7
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