Question: 1. 3.2 If a firms cost function is C(q) = 65 + 35q + q2. What level of output, q, should it choose to maxi

1. 3.2 If a firm’s cost function is C(q) = 65 + 35q + q2.

What level of output, q, should it choose to maxi mize its profit if the market price is p? How much does it produce and what is its revenue, cost of pro duction, and profit if p = 215 dinars? M

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