Mathematics, 03.07.2019 07:40, mohammadhosseinkarim

Afirm produces a commodity and receives $100 for each unit sold. the cost of producing and selling x units is 20x + 0.25x 2 dollars. (a) find the production level which maximizes profit. (in other words, find the x that maximizes profit) (b) a tax of $10 per unit is imposed on the firm. what is the new optimum production level?

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Afirm produces a commodity and receives $100 for each unit sold. the cost of producing and selling x...