Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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a) Determine the level of output for which the firm?s profit is maximized.
b) What is the firms?s maximum profit?
PLEASE SEE THE PHOTO ATTACHED TO THIS question to solve the questions above
Transcribed Image Text:The total revenue curve of a firm is R(q) = 40q – 12q² and its
400
average cost A(q)
q² – 12.85q + 20 +
30
where q is the firm's output.
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