Suppose marginal revenue of the firm is estimated to be $$M R = 50 - 2 Q$$ and the costs to be MC=4 (constant).
(i)What is the level of output that maximizes the total revenues?
(ii)What level of output maximizes the profit?

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The Answer of Suppose marginal revenue of the firm is estimated to be $$M R = 50 - 2 Q$$ and the costs to be MC=4 (constant).
(i)What is the level of output that maximizes the total revenues?
(ii)What level of output maximizes the profit?

Suppose Marginal Revenue of the Firm Is Estimated to Be MR=50−2QM R = 50 - 2 QMR=50−2Q

Suppose Marginal Revenue of the Firm Is Estimated to Be $M R = 50 - 2 Q$