in This video we will solve and numerical on Maximisation of total revenue function (TR) and we are supposed to find maximum total revenue , checking second order condition and finding values.
the solution is like
first we take the first derivative of total revenue function (TR) and set it equal to zero. this will give us critical values
now taking the second derivative
of total revenue function and evaluate it at the critical points
if the value of second derivative is less than zero then the function has relative maximum and it is concave
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