Calculate output-marginal revenue

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1) Multi-Screen TV, Inc., is a Cleveland i-based importer and distributor of large screen HDTVs for residential and commercial customers. Revenue and cost relations are as follows:

TR = $1000Q - .1Q2

TC = $43,500 +100Q + 0.4Q2

Calculate output, marginal revenue, marginal cost, average cost, price, and profit at the average total cost-minimizing activity level. (Hint - MC passes through the minimum point on the ATC curve). Calculate these values at the profit-maximizing activity level. Compare and discuss answers.

Reference no: EM132231698

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