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ignore the answer on the file. please help me

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ignore the answer on the file. please help me
Answered Same Day Dec 21, 2021

Solution

David answered on Dec 21 2021
118 Votes
Answer:
a.
marginal cost = dTC/dq = 20 – 0.09q + 0.00015q2
And marginal revenue = $20 [because price is fixed, so price = marginal revenue]
.
The profit maximizing level of output is 600
Explanation: At the profit maximization point, price marginal revenue equal marginal cost i.e.
20 – 0.09q + 0.00015q2 = 20, implies – 0.09q + 0.00015q2 = 0 or
q(-0.09+0.00015q) = 0
Simplifying this we...
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