Question: .Revenue and average cost function for a given firm are given as AR = 4 - Q AC = 4/Q + 2 0.3Q + 0.05Q2

.Revenue and average cost function for a given firm are given as AR = 4 - Q AC = 4/Q + 2 0.3Q + 0.05Q2 Required: Find the level of Q and P that would max the profit and compute the max profit. Hint: Use 2nd condition to confirm whether its maximum

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