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Calculate total revenue function

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Reference no: EM13903601

A profit maximization perfectly competitive firm face the following function total cost function. TC=10Q^2+50 and marginal revenue (MR)=10 based on the above information

a) Calculate total revenue function

b) Find or determine the OPTIMAL LEVEL OF OUTPUT or profit maximization output

c) Calculate the maximum profit or loss at optimal level of output

Reference no: EM13903601

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