Figure 4.49 shows cost and revenue. For what production levels is the profit function

Chapter 4, Problem 1

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Figure 4.49 shows cost and revenue. For what production levels is the profit function positive? Negative? Estimate the production at which profit is maximized. 5 10 15 100 200 300 400 C(q) R(q) q (thousands) $ (thousands) Figure 4.49

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