Answer to Question #279340 in Microeconomics for zare

Question #279340

given TC=70+30Q+2Q^2. P=40 find the optimalquantity produced and sold by the firms so that they are maximizing profits

Expert's answer

TC=70+30Q+2Q^2.P=40

MC="\\frac{\\delta TC}{\\delta Q}"= 30+4Q

MC=P

30+4Q=40

4Q=10

Q=2.5

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