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A Firm Has the Following Total Revenue and Total Costs TR=0.5Q−0.5Q2,TC=0.5Q2−QT R = 0.5 Q - 0.5 Q ^ { 2 } , \quad T C = 0.5 Q ^ { 2 } - Q

Question 32

Essay

A firm has the following total revenue and total costs functions.
TR=0.5Q−0.5Q2,TC=0.5Q2−QT R = 0.5 Q - 0.5 Q ^ { 2 } , \quad T C = 0.5 Q ^ { 2 } - Q Compute the optimal quantity the firm should produce and sell.

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