If the fixed costs are 25, variable costs per unit are 2 and the demand function is P = 20 – Q

(a) Obtain an expression for profit in terms of Q and plot it on a graph.
(15 Marks)

(b) Find the levels of output which give a profit of 31.
(10 Marks)
(c) Find the maximum profit and the value of Q at which it is achieved.

answer: its the third option.

step-by-step explanation:

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step-by-step explanation:

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