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The revenue and cost functions of another company are: R(q) = 120q - 2q^2 and C(q) = q^2 + 30q + 15. (a) What is
The revenue and cost functions of another company are: R(q) = 120q - 2q^2 and C(q) = q^2 + 30q + 15. (a) What is the company's profit if it produces 10 units (q = 10)? (b) Determine the company's maximum profit. (c) How much should the cost of the production factors per unit be reduced in order for the profit to be $957?
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