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28-11-2022
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Uing mathematical notation imilar to that ued for Nowlin Platic, give a mathematical model for calculating profit. (Write your anwer in term of the following variable q = Production Volume (quantity produced), R = Revenue Per Unit, FC = the Fixed Cot of Production, MC = Material Cot per Unit, LC = Labor Cot per Unit, and P(q) = Total Profit for producing (and elling) q unit. )

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