Question: a. What is optimization? How does it blow up the myth about profit being a result of a mere increasedecrease interplay between cost and revenue?

a. What is optimization? How does it blow up the myth about profit being a result of a mere increasedecrease interplay between cost and revenue? b. How much should a firm sell of a particular product in order to maximize profit? What factor does it have to consider in arriving at this decision? c. "More Sales, More Profits". Do you agree? Explain your

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