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2 1 5 points Suppose a perfectly competitive firm has the following short - run total cost function: S T C ( q ) =

21 5

points

Suppose a perfectly competitive firm has the following short

-

run total cost function:

S T C (q) = 10, 000 + 7, 700 q + 100 q^{2} .

Calculate the firm's profitmaximizing quantity and profit when the firm faces a constant marginal revenue of $

10, 700 .

Round your quantities to the nearest whole number and your prices to nearest cent.

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