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(i) (ii) Consider the following total revenue and total cost function: TR = 21000 - 6Q 1 TC=Q - Q +1000 + 326 Formulate

(i) (ii) Consider the following total revenue and total cost function: TR = 21000 - 6Q 1 TC=Q - Q +1000 + 326 Formulate the profit function Find the profit-maximizing level of output What is the maximum profit?

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