Market demand and supply functions are Qd=1410-40P and Qs=-390+20P. Company A's total cost function is TC=50+2Q+2Q^2. What is company A's short run optimal output?
The only Chinese restaurant in town has a total cost function of TC=25+Q+5Q^2. The demand function in town for Chinese food is Q=25-P. What is the restaurants maximum profit?
