A firm's marginal revenue and marginal cost functions are given by
MR = 240 - 0.6Q2 and MC = 150 + 0.3Q2
If fixed costs are 50, determine the maximum profit.
A)200
B)550
C)800
D)650
E)150

Question

A firm's marginal revenue and marginal cost functions are given by 
MR = 240 - 0.6Q2 and MC = 150 + 0.3Q2
If fixed costs are 50, determine the maximum profit.
A)200
B)550
C)800
D)650
E)150

Quizplus · Accepted Answer

The Answer of A firm's marginal revenue and marginal cost functions are given by 
MR = 240 - 0.6Q2 and MC = 150 + 0.3Q2
If fixed costs are 50, determine the maximum profit.
A)200
B)550
C)800
D)650
E)150

A Firm's Marginal Revenue and Marginal Cost Functions Are Given