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August 1, 2014

Homework Help: MICROECONOMICS

Posted by Brett on Tuesday, October 16, 2007 at 9:44pm.

Hello ive been struggling with this problem for about 2 days now could someone walk me through it?

Suppose a firm faces a downward sloping demand curve given by the equation Q = 100 - (1/3)P. The firm's cost function is given by the equation C = 30 + (1/4)Q^2. Find the Profit Maximizing level of output.
thank you

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