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x = output, c= unit product cost, p = sale price, F = fixed cost p = 105 - x/2, c = 5 + x/3
x = output, c= unit product cost, p = sale price, F = fixed cost
p = 105 - x/2, c = 5 + x/3 , production capacity = 1000, max. profit = 300$
Found to fixed cost and explain the relationship between average cost and marginal cost with help of derivative. (Please show every steps.)
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