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The market demand function of a firm is given by
4P + Q - 16 = 0
And the AC function takes the form
AC = 4/Q + 2 - 0.3Q + 0.05Q2
Find the Q which gives:
(a) Maximum revenue
(b) Minimum marginal costs,
(c) Maximum profit
Use the second derivative test in each case.
williomson''s model of managerial discretion
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Dolph, Jimbo, and Kearney are the only individuals participating in the very particular labor market for ‘protective’ services. Dolph''s labor supply is given by ????????=-46+0.874
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TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750
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