Given a firmrsquos revenue and cost functionsnbspconstruct
Given a firm’s revenue and cost functions:
R(Q) = -0.0016Q2 + 44Q and C(Q) = 0.0004Q2 + 8Q + 64,000
Construct a profit function, determine the level of Q that maximizes profits, and prove that it is a maximum by invoking the second-derivative test
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given a firmrsquos revenue and cost functionsrq -00016q2 44q and cq 00004q2 8q 64000construct a profit function
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