Business, 29.08.2020 18:01, brown62

Assume that a competitive firm has the total cost function: TC=1q3−40q2+710q+1700 Suppose the price of the firm's output (sold in integer units) is $550 per unit. By creating tables (but not using calculus) with columns representing cost, revenue, and profit to find a solution, what is the total profit at the optimal output level?

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Assume that a competitive firm has the total cost function: TC=1q3−40q2+710q+1700 Suppose the price...

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