Question: A firm has the following demand function P = 200 - 2Q and the average cost of AC = 100/Q + 3Q - 20 a.

A firm has the following demand function P = 200 - 2Q and the average cost of AC = 100/Q + 3Q - 20

a. Find the profit function

b. Estimate the marginal cost function

c. Obtain the production that maximizes the profit

d. Evaluate the average cost and the marginal cost at the maximizing production level.

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