Question;A firm in an oligopolistic industry has the following demand and total cost equations:P = 600 ? 20QTC = 700 + 160Q + 15Q^2Calculate: a. quantity at which profit is maximized. b. maximum profit. c. quantity at which revenue is maximized. d. maximum revenue. e. maximum quantity at which profit will be at least $580. f. maximum revenue at which profit will be at least $580.
Paper#55598 | Written in 18-Jul-2015Price : $24