Compute sunflowers optimal price and output combination

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Reference no: EM13983971

Sunflower Inc. is a major supplier of reverse osmosis and ultra filtration equipment, which helps industrial and commercial customers achieve improved production processes and a cleaner work environment. The company has recently introduced a new line of ceramic. Filters that enjoy patient protection. Relevant cost and revenue relations for this product are as follows:

P = 300 -0.001Q

TC= 900,000 + 20Q + 0.004Q2

Where P is Price Q is output, and TC is total cost

A. Compute Sunflower's optimal price/ output combination.

B. Compute firm's TR, TC, and profit using the price and quantity you calculated in part A.

Reference no: EM13983971

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