At what level of q is revenue maximized remember let mr 0

Question

Question: The demand for product Q is given by Q = 385 - P and the total cost of Q by

STC = 3000 + 40Q -5Q² + 1/3Q²

(c) 47 units

(d) $338

1. What total profit will result from selling the quantity found in (c) at the price found in (d)? Remember, profit is TR - STC.

2. At what level of Q is revenue maximized? Remember let MR = 0 and solve for Q. MR = 0 signals the objective of maximizing revenue.