A firms total cost tc function follows a cubic function tcx, Ask an Expert

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A firm's total cost (TC) function follows a cubic function: TC(x) = 4 + 36x - 6x2 + x3 where x > 0 is the number of units the firm produces. The firm can sell each unit that it produces at a price of 20,613. How many units should the firm produce if it wants to maximize its profit where profit is total revenue minus total cost? Your answer can contain decimals.

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Financial Management, Finance

Category:- Financial Management
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