Suppose a firm faces demand of q 300 - 2p and has a total, Econometrics

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Suppose a firm faces demand of q 300 - 2p and has a total

Suppose a firm faces demand of Q = 300 - 2P and has a total cost curve of TC = 75Q + Q² .

a. What is the firm's marginal revenue?

b. What is the firm's marginal cost?

c. Find the firm's profit-maximizing quantity where MR = MC.

d. Find the firm's profit-maximizing price and profit.

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Econometrics: Suppose a firm faces demand of q 300 - 2p and has a total

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Econometrics: Suppose a firm faces demand of q 300 - 2p and has a total

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