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24. The price and profit functions for a commodity are p(x) = 197 5x P(x) = 175x 5x2 41925 Determine whether average cost is concave

24. The price and profit functions for a commodity are

p(x) = 197 5x

P(x) = 175x 5x2 41925

Determine whether average cost is concave up or concave down (type UP or DOWN).

and give the value of the second derivative, correct to 3 decimal places, when marginal revenue is zero.

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