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April 21, 2014

Homework Help: economics

Posted by Bhupendra on Sunday, October 3, 2010 at 9:57am.

2. 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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