Total profit isTP = q*p - TC = q*(-q+105) - (q²-3*q+500) = -2*q² + 108*q - 500(a) To find the most profitable level of output q,take the derivative of the profit TP with respect to q,and set...
Total profit isTP = q*p - TC = q*(-q+105) - (q²-3*q+500) = -2*q² + 108*q - 500(a) To find the most profitable level of output q,take the derivative of the profit TP with respect to q,and set...