Assume that a competitive firm has the total cost function: TC=1q3−40q2+ 840 q+1800TC=1q3-40q2+840q+1800 Suppose the pri

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answerhappygod
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Assume that a competitive firm has the total cost function: TC=1q3−40q2+ 840 q+1800TC=1q3-40q2+840q+1800 Suppose the pri

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Assume that a competitive firm has the total cost function:
TC=1q3−40q2+ 840 q+1800TC=1q3-40q2+840q+1800
Suppose the price of the firm's output (sold in integer units)is $750 per unit.
Create tables (but do not use calculus) with columnsrepresenting cost, revenue, and profit to find asolution.
How many units should the firm produce to maximize profit?
What is the total profit at the optimal output level?
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