[Steps Shown] Given the cost function C (q) = 4000 + 50q + 0.002q 2 and the demand function p = 80 - 0.025q , find the value of q for which: average cost
Question: Given the cost function C (q) = 4000 + 50q + 0.002q 2 and the demand function p = 80 - 0.025q , find the value of q for which:
- average cost is a minimum.
- revenue is a maximum.
- profit is a maximum.
Deliverable: Word Document 
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