Given the total revenue function, TR = 1400Q − 6Q2 and the total cost function, TC = 1500 + 80 Q at Q = 100 units (where Q is the amount of output), which one of the following is correct?
A. MR > MC
B. MC = 80
C. MR < MC
D. MR = MC
1
A and B are true only
2
B and C are true only
3
B and D are true only
4
Can't be defined