Sam can sell all of the output he wants at a price of 1000, Microeconomics

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Sam can sell all of the output he wants at a price of 1000

Question: Sam can sell all of the output he wants at a price of $1000. He has the following cost function:

TC = 200,000 + 80Q + .08Q²

Calculate the profit maximizing quantity.

Calculate the maximum profits of the firm.

Graph the demand, marginal revenue, marginal cost and average cost functions.

Shade in the area that represents the profits of the firm.

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Microeconomics: Sam can sell all of the output he wants at a price of 1000

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Microeconomics: Sam can sell all of the output he wants at a price of 1000

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