Question

Here's a question I've been trying to solve could I please get some help in solving?

1. Multi-Screen TV, Inc., is a Cleveland i-based importer and distributor of large screen HDTVs for residential and commercial customers. Revenue and cost relations are as follows:

TR =  $1000Q - .1Q²

TC = $43,500 +100Q  + 0.4Q²

A. Calculate output, marginal revenue, marginal cost, average cost, price, and profit at the average total cost-minimizing activity level. (Hint - MC passes through the minimum point on the ATC curve)

B. Calculate these values at the profit-maximizingactivity level.

C. Compare and discuss the answers to parts A and B.

Answer 1