b. A company estimates that the cost, in dollars, of producing of items in C(q) = 2,600 + 2g + 0.00 1q² . i. Find the cost, average cost, and marginal cost of producing 1,000 items. At what production level will the average cost be lowest, and what is this ii. minimum average cost? iii. Revenue function R(q)= 48q – 0.012g for producing q chairs. Find the profit function and how many chairs should be produced to earn the maximum profit.

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A: Solution:-

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A:

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A: NOTE: Refresh your page if you can't see any equations. . the average cost function is given by

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A: F

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A:

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