Answer to Question #96580 in Microeconomics for Tarun Tirthani

Question #96580

What is optimum output for
TC= 200+5Q+2Q^2

Expert's answer

The optimum output for TC = 200+5Q+2Q^2 is when MR = MC.

MC = TC(Q)' = 5 + 4Q.

To find the exact optimum output we need to know MR.

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