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QUESTION 1 Suppose a firm has the following demand and cost functions Q(P) =67230 -1245P and (Q) = 42Q + 5820 PLEASE SHOW WORK FOR

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QUESTION 1 Suppose a firm has the following demand and cost functions Q(P) =67230 -1245P and (Q) = 42Q + 5820 PLEASE SHOW WORK FOR PARTIAL CREDIT A. Calculate the profit function B. Find the profit maximizing quantity C. Find the profit maximizing price D. Find profits at the profit maximizing price and quantity press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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