Question
If a firm has a profit function where p=-120+ 200q-5q what output should it produce to maximize profit? What are profits for that q?
If a firm has a profit function where p=-120+ 200q-5q what output should it produce to maximize profit? What are profits for that q?
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Understanding Business Statistics
Authors: Stacey Jones, Tim Bergquist, Ned Freed
1st edition
1118145259, 978-1118145258
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