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December 8, 2016

Homework Help: MBA

Posted by kanwal on Friday, October 15, 2010 at 2:23am.

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

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