3. American Export Import Shipping Company operates a
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3. American Export Import Shipping Company operates a general cargo carrier service between New York and several Weste
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3. American Export Import Shipping Company operates a general cargo carrier service between New York and several Western European ports. It hauls two major categories of freight: manufactured items and semimanufactured raw materials. The demand functions for these two classes of goods are: P1=100-2Q1 P2=80-Q2 where Q1= tons of freight moved. The total cost function for American is TC=20+4(Q1+Q2) a. Determine the firm's total profit function.
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