Your firm has estimated the total variable cost and total fixed cost functions to be
TVC=-60Q+10Q^²,TFC=500.
If your firm is selling the product for $300, what is the break-even output?
At what output does the firm maximize its profits?

Question

Your firm has estimated the total variable cost and total fixed cost functions to be
TVC=-60Q+10Q^²,TFC=500.
 If your firm is selling the product for $300, what is the break-even output?
 At what output does the firm maximize its profits?

Quizplus · Accepted Answer

The Answer of Your firm has estimated the total variable cost and total fixed cost functions to be
TVC=-60Q+10Q^²,TFC=500.
 If your firm is selling the product for $300, what is the break-even output?
 At what output does the firm maximize its profits?

Your Firm Has Estimated the Total Variable Cost and Total