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Revenue and Cost Problem

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Given the following linear revenue function and quadratic cost function for a business firm, calculate the break - even quantity, total revenue, total cost and profit at break even level of production.

Total Revenue R= f(q)=30 q
Total Cost C= 100+5q+q^2

Find the first derivative using the limits formula [dy/dx lim x->0]
Calculate the maximum profit at the profit maximizing level of production?

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Solution Summary

The solution contains the complete steps to arrive at the revenue cost.

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