(b) A firm has an average cost function 125 q? A(q) + 4. 16 where q is the firm's output. (i) Determine the level of output for average costs are minimum.

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Q: total profit is

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Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.