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April 18, 2015

Homework Help: Economics

Posted by Special on Saturday, November 14, 2009 at 2:03am.

A manufacturing firm produces output using a single plant. The relevant cost function is TC=45,000+8Q squared and the demand function is Q=100-0.02P
a)What is the minimum level of AC
b)What is the firms profit when AC is at a minimum?
c)What is the firms maximum profit

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