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2. A firm's total cost function is TC = 1Q3 - Q2 + 4Q and demand is given by Q = 20 - P i.

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2. A firm's total cost function is TC = 1Q3 - Q2 + 4Q and demand is given by Q = 20 - P i. Find an expression for the firm's profit function in terms of Q ii. For what level of Q will the firm maximise profits? iii. What profit is made at this level of output

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