Marginal Analysis & Profit Maximization
Marginal Analysis & Profit Maximization
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A firm's marginal profit, P, as a function of its total cost, C, is given by the equation below a) Find the profit function, P(C), if P = S8 when C = S44. b) At what cost will the firm break even (P = 0)?dP 224 dC (C 53/2a) P(C)= (Type an exact answer, using radicals as needed.)b) The firm breaks even when C = (Simplify your answer.)
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