Let a firm have the following average cost function: ac (y) = 4y2 -5y - 4/y...

Let a firm have the following average cost function:

ac (y) = 4y² -5y - 4/y

If the price of y is set at 3200 and at this point the firm is producing 10 units of y. What is the firm's profit?

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Expert Solution

Rahul Sunny answered 1 year ago

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