The best level of output is at MC = P.
MC=TC′(Q)=3Q2−10Q+10,MC = TC'(Q) = 3Q^2 - 10Q + 10,MC=TC′(Q)=3Q2−10Q+10,
3Q2−10Q+10=8,3Q^2 - 10Q + 10 = 8,3Q2−10Q+10=8,
3Q2−10Q+2=0,3Q^2 - 10Q + 2 = 0,3Q2−10Q+2=0,
Q1=(10+8.72)/6=3.12,Q1 = (10 + 8.72)/6 = 3.12,Q1=(10+8.72)/6=3.12,
Q2=(10−8.72)/6=0.21.Q2 = (10 - 8.72)/6 = 0.21.Q2=(10−8.72)/6=0.21.
Need a fast expert's response?
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!
Comments