12. If a firm's profit function is T = f(Q) and the level of output, Q, varies between a and b units, then the firm's average profit is given by f(Q)dQ b 100(1 – e-0.1º), TC = 0.1Q² + 2Q + 1 and Calculate a firm’s average profit when TR = output varies from 3 to 8 units.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
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12. If a firm's profit function is ī = f(Q) and the level of output, Q, varies between a and
b units, then the firm's average profit is given by
f(Q)dQ
b — а
Calculate a firm's average profit when TR = 100(1 – e-0.1º), TC = 0.1Q² + 2Q + 1 and
output varies from 3 to 8 units.
Transcribed Image Text:12. If a firm's profit function is ī = f(Q) and the level of output, Q, varies between a and b units, then the firm's average profit is given by f(Q)dQ b — а Calculate a firm's average profit when TR = 100(1 – e-0.1º), TC = 0.1Q² + 2Q + 1 and output varies from 3 to 8 units.
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