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A firm's demand and cost functions are given as: P = 50 - 2Q C = 25 + 3Q2 a) Find the profit maximizing price
A firm's demand and cost functions are given as:
P = 50 - 2Q C = 25 + 3Q2
a) Find the profit maximizing price and output.
b) Find AC, MC, MR and AR at equilibrium price and quantity.
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