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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.