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A firm’s demand function is p=60-0.5Q If fixed cost are 10 and variable cost are Q+3...

A firm’s demand function is p=60-0.5Q
If fixed cost are 10 and variable cost are Q+3 per unit, find the maximum profit.

Q2. Which of the following could represent a function, f(x,y), with first-order partial derivatives
af/ax = 3xy(xy+2) af/ay=x^2(2xy+3)

Q3. Find the value of dy/dx at the point (-2,1) for the function which is defined implicitly by
x^2 - x/y =6

Q4.
Find the value of the marginal rate of technical substitution for the production function
Q=300 (K^2/3 )(L^1/2)
When k = 40, L =60
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