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August 29, 2014

Homework Help: economics

Posted by rajender pal on Saturday, September 11, 2010 at 4:01am.

1. Given a firmís demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 Ė 8Q + 36 + 3/Q,
calculate the level of output Q which
a) maximizes total revenue b) maximizes profits

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