mirkoviic12 mirkoviic12
  • 22-04-2024
  • Mathematics
contestada

If fixed costs are 25, variable costs per unit are 2 and the demand function is
P = 20 - Q
obtain an expression for t in terms of Q and hence sketch its graph.
(a) Find the levels of output which give a profit of 31.
(b) Find the maximum profit and the value of Q at which it is achieved.

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