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ConceptMaxima and Minima

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#### Question

A firm wants to maximize its profit. The total cost function is C = 370Q + 550 and revenue is R = 730Q-3Q^{2}. Find the output for which profit is maximum and also find the profit amount at this output.

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#### Appears in these question papers

Solution for concept: Maxima and Minima. For the courses HSC Commerce, HSC Commerce (Marketing and Salesmanship)