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5. A firm is running with the following cost function on the interval of 0 ≤ ≤ C(Q)=Q32

 Q 10:

 - 3Q - 9Q + 36

Find the quantity that minimizes the firm's cost and find the minimum cost.



6. A monopolist faces the following demand function Q = 144 - P: This firm can produce quantity Q of product at total cost of


C(Q) = 1/3Q3 - 6Q2 +160Q+15


Find the max profit for 0  Q. (Hint: revenue = PQ and profit = revenue - cost)

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A firm is running with the following cost function on the interval of0 Q 10: C(Q)=Q 3 - 3Q 2 - 9Q + 36 Find the quantity that minimizes the firm's...
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