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Cost min equation starting equation was Q= A L^1/4 * K^1/4 Use the solution to the cost minimization problem to solve the profit maximization problem

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Cost min equation starting equation was Q= A L^1/4 * K^1/4

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Use the solution to the cost minimization problem to solve the profit maximization problem of this firm, assuming that the firm operates under monopoly and the inverse demand function is p = 160-Bq =MP Then do the following: If A = 2, r = 9, w = 4, F = 500 and B = 5 determine this firm's price p*. 90 MR= MC p= 160 - sq 2 110 Whatis a? 75 60

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