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PETER.MBA
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5P=600-Q P=600-Q/5 MC=MR at profit maximization level but TR=PQ (600-Q/5)Q TR=600Q-Q2/5 MR=600-2Q/5 MR=MC 600-2Q/5=20 600-2Q=20*5 600-100=2Q 500/2=2Q/2 Q=250 P=600-Q/5=600-250/5=70 Q=250 P=70 PROFIT=TR-TC 600-Q/5)Q-20*250 =12500
