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A firm has the following total and cost functions: TR=20Q-4Q^(2) TC=16-Q^(2) where Q is the number of unites produced and sold (in thousands ). How
A firm has the following total and cost functions: TR=20Q-4Q^(2) TC=16-Q^(2) where Q is the number of unites produced and sold (in thousands ). How many units should be produced to maximise the profit? a. 1,714 units. b. 3333 units. c. 1,333 units. d. 3,333 units
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