Question: Given the production function below along with the output price, input price and total fixed cost also posted below, calculate the profit-maximizing level of output

Given the production function below along with the output price, input price and total fixed cost also posted below, calculate the profit-maximizing level of output and the maximum possible total profit. You must use an output-side profit-maximization approach in doing this (maximize the output-based profit function or the MR = MC rule). You must show your work to get credit.

y = x^2 - 0.05 (x^3)

Py= $30 , Px = $2 , TFC = $10

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