Question: The electric car industry demand function is???? = 100 000 5???? and the cost function to produce those cars is ???? = 40 000???? +????^3/3
The electric car industry demand function is???? = 100 000 5????
and the cost function to produce those cars is
???? = 40 000???? +????^3/3
a) Find the revenue-maximizing production level.
b) Find the average-cost-minimizing production level.
c) Find the maximum profit.
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