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April 23, 2014

Homework Help: economics

Posted by ritika on Sunday, August 4, 2013 at 9:51pm.

he following is a cost function for clinic visits in a small inner city clinic:
Quantity of Visits Total Cost per Week
0 $10
1 15
2 25
3 45
4 75
5 115
6 165
If the price per visit is given to be $25, at what level of visits will the maximum profit position be? What are the profits at this level? What is the quantity supplied?

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