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19-04-2024
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The average revenue (demand) for product Q is given by AR = 400 - 2Q and the total cost of Q by: STC = 6000 + 12Q+3Q² < Note: this is not a typical cubic function
Find the price function and then the TR function. See Assignment 3 or 4 for an example. Hint: another name for price is average revenue (AR).

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