Order the answer to: 4. A firm has the following total-cost and demand functions: TC-9-70° +1119 +50 Q = 100-P a. Write o

Academic Help economy Order the answer to: 4. A firm has the following total-cost and demand functions: TC-9-70° +1119 +50 Q = 100-P a. Write o

economy

Order the answer to: 4. A firm has the following total-cost and demand functions: TC-9-70° +1119 +50 Q = 100-P a. Write o

Question 4. A firm has the following total-cost and demand functions: TC-9-70° +1119 +50 Q = 100-P a. Write out the total-revenue function TR in terms of Q. (5 points) b. Formulate the total-profit function a in terms of Q. (5 points) c. What is the profit-maximizing level of output (Q*)? (5 points) d. What is the maximum profit? (5 points)
Subject economy
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