managerial economics question

Discussion in 'Economics' started by shanboghted, Jul 18, 2011.

  1. i have exam in this comming up and dont have answer for past questions in this managerial economics exam. i hope you can help

    computer solutions, a local firm, manufactures and distributes sophisticated computer systems. currently all its output is sold in the waterford region. the following price and total cost functions are available for the firm p = €2,000 - €0.03Q TC= €1,500,000+1,000Q+€0.01Q2
    question a assumming the firm operates as an integrated unit , calculate 1. the profit maximising output level, and 2. the profit at this out put level.

    does any one know how to answer this much appreciated