Question: I Sign Close Practice Problem 3. If fixed costs are 25, variable costs per unit are 2 and the demand function is P=20- obtain an

I Sign Close Practice Problem 3. If fixed costs are 25, variable costs per unit are 2 and the demand function is P=20- obtain an expression for a in terms of Q and hence sketch its graph. (a) Find the levels of output which give a profit of 31. (b) Find the maximum profit and the value of at which it is achieved

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