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  3. a firm faces the demand schedule as ? = 660 ? 3? a

A firm faces the demand schedule as ? = 660 ? 3? and the total cost...

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Question

Advance Math

A firm faces the demand schedule as ? = 660 ? 3?
and the total cost schedule as
?? = 6?^3 ? 72?^2 + 240? + 25. Please answer the followings:
a. Does the above cost function satisfy the parametric restrictionswe derived in the class?
b. What is the maximum profit the firm can make? Confirm yourresults with second order
conditions as well.

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