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Pharmed Caplets is an antibiotic product with monthly sales revenues and costs as described below: TR = 900Q - 0.15Q2 TC = 43,000 + 200Q + 0.25Q2
a. Derive the MR function.
b. Derive the MC function.
c. Calculate the output level that will maximize profit.
d. Calculate total revenue.
e. Calculate total cost.
f. Calculate this maximum profit.