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Business, 12.12.2020 16:20 jessnolonger

Q1. A firm has analyzed its operating conditions and has developed the following functions Total Revenue = -10q2 + 2004
Total Cost = q? - 20q +1000
Where 9 is the number of units produced and sold
Determine the value of 9 that:-
11.
Maximizes revenue and hence the Maximum Revenue
Minimizes Cost and hence the Minimum Cost
Maximizes profit and hence the Maximum Profit.

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