UGC NET Commerce || Economics || June 2020
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Where TC = Total Cost
Q = Physical units of the product of the firm
What would be the level of optimum output?
Demand function : Q = 100 – 0.2 P
Price function : P = 500 – 5 Q
Cost function : TC = 50 + 20 Q + Q^2
Where Q = Total quantity of the product in physical units.
P = Price of the product per unit
TC = Total cost
What is the profit-maximizing output of the pure monopoly firm?
Choose the correct option from the following:
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