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2) A business firm has the following: total revenue, = = 15 6 2 and total cost, = = 2 3 3 2 'square' +

2) A business firm has the following: total revenue, = = 15 6 2 and total cost, = = 2 3 3 2 'square' + 3 + 2 functions

i) Find the output () that maximizes the profit of the business firm.

ii) What is the maximum profit that the business firm can make?

iii) Briefly discuss how the information you found above can be used by a business.

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