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Panda bikes is a manufacturer of children tricycles

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Panda Bikes is a manufacturer of children's' tricycles with a total cost function TC(q)=2+10q+2q2, so that the marginal cost function is MC(q)=10+4q. In the marketplace, Panda Bikes faces an (inverse) demand curve function P=100-5Q.

-How many tricycles will Panda Bikes choose to produce given the demand for bikes?**NOTE the answer is not 5, 6, 6.42, or 7

Reference no: EM132500358

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