The total revenue curve of a firm is R(x) = 32·5x – 12x2and itsaverage cost A(x) =1x2 – 13x + 20 +200;where x is the firm’s output. 30 x A) Derive an expression, Π (x), for the firm’s profit function.
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.
(d). What is the maximum profit.
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