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Given the cost and price information in the previous question TC = 5 Q 2 + 4 Q - 2 MC = 10 Q +

Given the cost and price information in the previous question

TC = 5 Q2 + 4 Q - 2

MC = 10 Q + 4.

Market price = 24

Marginal revenue (MR) = 24 at all output levels.

What is the profit-maximizing output level?

 

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