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H i everyone! need help w hw:) Pls show work as well Problem 4. (20 points) A profit-maximizing firm produces apples and its cost function

H i everyone! need help w hw:) Pls show work as well image text in transcribed
Problem 4. (20 points) A profit-maximizing firm produces apples and its cost function is (y) = 3y". The price of one apple is denoted by Pa 1. Write down the profit maximization problem. Determine the optimal production level 2. Suppose now that the demand is determined by the formula r*(p.) 10 Plot the inverse demand and supply curves together. Determine the equilibrium price and quantity

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