# Econ 303

Submitted By meiyong00
Words 543
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E303.
Spring 2013

Problem Set #2 (Note: For the first question of this problem set (parts a to d) use EXCEL to generate numbers. Replace the below table with your answers ON THIS SHEET. Similarly, in the rest of the assignment you may use EXCEL, but if you do so, insert figures and tables from EXCEL onto this sheet.

1. Consider the total profit function ( = TR - TC = (22 –Q)Q – (10+2Q+Q2 )

a. Create a table that shows Total Revenue, Total Cost and Total Profit, (in your table, let quantity run from 0 to 13 in increments of 1.) Indicate in your table where both total profits and total revenues are maximized
|Q |TR |TC |T( | |
|0 | | | | |
|1 | | | | |
|2 | | | | |
|3 | | | | |
|4 | | | | |
|5 | | | | |
|6 | | | | |
|7 | | |...

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