- 6 Marks
Question
Given that the Total Revenue (TR) function is:
a
and the Total Cost (TC) function is:
Determine the level of output at which profit is maximized. (6 Marks)
Answer
- Tags: Calculus, Output Level, Profit Maximization, Total Cost, Total Revenue
- Level: Level 1
- Topic: Mathematics of Business Finance
- Series: NOV 2015
- Uploader: Dotse