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With a demand curve of Q= 80-4/3P and average total cost of production of ATC= 0.5Q+10+ (1,000)/Q Which is not true? max total profit is
With a demand curve of
Q= 80-4/3P
and average total cost of production of
ATC= 0.5Q+10+ (1,000)/Q
Which is not true?
- max total profit is positive
- max value of the total revenue function is 1200
- the profit maximizing output level is Q = 20
- The most profitable price is P= 45
- The TOTAL cost of production is TC= 0.5Q^2+10Q+1,000
Thank youu :)
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