profit-maximizing output level

Get your Assignment in a Minimum of 3 hours

Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.

Free Inquiry Order A Paper Now Cost Estimate

A firm’s total cost and marginal cost functions are: TC = 10 Q2 + 2 Q – 2 and MC = 20 Q + 2. Assume that the market price is 62 and that the marginal revenue (MR) is also 62 at all output levels. What is the profit-maximizing output level?
a.2

b.3

c.4

d. None of the other choices

Answer 2 Scenario Questions Accurately Now Business Management Assignment- Best 5 star custom Essay Services

"Is this question part of your assignment? We Can Help!"

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"

Get Started