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A firm has the following revenue and cost functions. TR = 120 Q - Q2 TC - Q2+30 Q + 10 = 2 Determine the
A firm has the following revenue and cost functions. TR = 120 Q - Q2 TC - Q2+30 Q + 10 = 2 Determine the quantity level at which the firm maximizes its total profit. (Hint: use marginal revenue = marginal cost rule)
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