Solved: Company dedicated to tabaco has a cost and revenue function, Microeconomics

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Company dedicated to tabaco has a cost and revenue function

Question 1. A company dedicated to tabaco has a cost and revenue function of:

CT= 20 + Q + Q2 (q squared)

I= 15Q - Q2 (q squared)

Determine the maximum and minimum amounts that can be produced where there is neither loss or gain.

Question 2. If the consumer price index in 2002 is $175, in 2003 is $198, and in 2004 is $210, show the inflation table for 2003.

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Microeconomics: Company dedicated to tabaco has a cost and revenue function

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