Pooja posted an Question
October 23, 2021 • 20:06 pm 30 points
  • UGC NET
  • Commerce

15. total revenue (tr) function and the total cost (tc) function of a perfectly competitive market firm are as follows: tr = 480q-8q2 tc 400 +8q2 the profit max

15. Total Revenue (TR) function and the Total Cost (TC) function of a perfectly competitive market firm are as follows: TR = 480Q-8Q2 TC 400 +8Q2 The profit maximizing output would be (A) 60 (B) 15 (C) 50 (D) None of the above

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  • Khushbu best-answer

    Option D: none of above is correct. Explanation is attached in the form of image below.

    cropped6195014261715295858.jpg
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