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PLEASE HELP WITH THIS Exercise 4 A firm faces the following average revenue (demand) curve: P = 135- 0.02Q where Q is weekly production and

PLEASE HELP WITH THIS

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Exercise 4 A firm faces the following average revenue (demand) curve: P = 135- 0.02Q where Q is weekly production and P is price, measured in cents per unit. The firm's cost function is given by C = 50Q + 25,000. Assume that the firm maximizes profits. a. What is the level of production, price, and total profit per week? (Round all responses to two decimal places.) The equilibrium quantity is units, the price is cents, and the total profit is $ per week

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