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Suppose a firm faces the inverse demand curve P=600Q -0.5 . The firm has the total cost curve TC=1000+0.5Q 1.5 . a.Find the firm's profit-maximizing
Suppose a firm faces the inverse demand curve P=600Q-0.5. The firm has the total cost curve TC=1000+0.5Q1.5.
a.Find the firm's profit-maximizing output.
b.Find the firm's profit-maximizing price.
c.Find the firm's profit-maximizing profit.
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