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- A firm faces the following average revenue (demand) curve: P= 120 -0.02Q 2 is weekly production and P is price, measured in cents per
- A firm faces the following average revenue (demand) curve: P= 120 -0.02Q 2 is weekly production and P is price, measured in cents per unit. The firm's cost function is given by C = 60Q + 25,000. Assume that the firm maximizes profits. a. What is the level of production, price, and total profit per week
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