Given that total revenue R(x)=32.5x−12x2 and average cost A(x)=1X2−13x+20+200
30 X
WHERE X IS THE FIRM'S OUTPUT.
(A) We have to derive the expression for the profit function π(x).
B) IS THE RATE OF CHANGE OF PROFIT INCREASING OR DECREASING WHEN THE OUTPUT LEVEL OF THE FIRM IS X=10 AND X=30
c) Determine the level of output for which profit is maximized .
what is the maximum profit.
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