Solved: What price should the firm charge to achieve the maximum tr, Microeconomics

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What price should the firm charge to achieve the maximum tr

Problem

1. What output will maximize total revenue if TR = 250q - 2q²?

2. If a firm faces the demand schedule p = 90 - 0.3q how much does it have to sell to maximize sales revenue?

3. A firm faces the total revenue schedule TR = 600q - 0.5q²

(a) What is the marginal revenue when q is 100?

(b) When is the total revenue at its maximum?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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