Given the following functions, maximize profit for the firms as follows: (1) set-up the profit function, (2) find the critical values where profit is at
Given the following functions, maximize profit for the firms as follows: (1) set-up the profit function, (2) find the critical values where profit is at a relative extremum and test the second-order condition, (3) calculate for the maximum profit, and (4) formulate the conclusion. P = 1, 400 - 7.5Q TO = Q3 - 6Q2 + 140Q + 750
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