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Mathematics
Problem
The profit function
P
(
x
)
P(x)
P
(
x
)
of a firm is differentiable and attains a local maximum at
x
=
150
x=150
x
=
150
units. What must be the value of
P
′
(
150
)
P'(150)
P
′
(
150
)
? Give reason in one sentence.
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