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At the Peoria Company, the relationship between profit (p) and output (Q) is as follows:
p= -40 + 40Q - 5Q2
a. At what value of Q does dp/dQ = 0? Show your work!
b. What is the second derivative of pwith respect to Q at this value of Q?
c. Is pminimized or maximized at the value of Q? Explain.
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