Q1. Given the demand function, 2Q + P = 25; and the average cost function, AC = (32/Q) + 5;

      find

(a)    the profit function.

 

 

(b)   find the quantity when the firm breaks even.

 

 

(c)    find the quantity when the firm makes a loss of 432 units.

 

 

(d)   find the quantity when the firm maximizes profit.

 

 

 

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