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March 28, 2015

Homework Help: Managerial Econ

Posted by Turner on Tuesday, October 23, 2012 at 2:37pm.

You are the manager of a monopoly, and your demand and cost functions are given by P = 300 – 2.5Q and C(Q)=1000 + 2.5Q2.

a.At what price and quantity are firm’s profits maximized?

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