Given the following total revenue and total cost functions for afirm, maximize profit ? for the firm as follows

(1) Set up the profit function ???? = ???????? ? ????????,

(2)find the critical value(s) where ? is at a relative extremumand test the second-order condition, and

(3) calculate the maximum profit. ???????? = 1500???? ? 12???? ? ???????? = 2000 +90?

Answer rating: 100% (QA)

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