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Homework: Chapter 7 Homework Score: 0 of 1 pt 5 of 20 (15 complete) Text Question 2.2 A firm has revenue given by R(q) =

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Homework: Chapter 7 Homework Score: 0 of 1 pt 5 of 20 (15 complete) Text Question 2.2 A firm has revenue given by R(q) = 1604 - 342 and its cost function is C(q) = 200 + 40q. What is the profit-maximizing level of output? What profit does the firm earn at this output level? The firm maximizes profit by producing (Enter your response as a whole number.)

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