The following is your firms profit function π = -3Q3-18Q2 + 2880Q-125. What output Q maximizes...

Question

Question

The following is your firms profit function π = -3Q3-18Q2 + 2880Q-125. What output Q maximizes profit?

Answer 1

Answer #1

By substituting different values of Q in the equation, we can observe that the profit gets maximized at Q=16

Answer 2

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