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5. A monopoly's demand function is Q=1280p^(-2)A^(0.5) whew Q is its quantity, p is its price, and A is the level of advertising. Its constant
5. A monopoly's demand function is Q=1280p^(-2)A^(0.5) whew Q is its quantity, p is its price, and A is the level of advertising. Its constant marginal and average cost of production is 8, and its cost of a unit of advertising is 1. What are the firms profit maximizing price, quantity and level of advertising?
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