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Suppose a firm has the following demand and cost functions Q(P)=14193-83P and C(Q)=127Q+20172 A. Calculate the profit function B. Find the profit maximizing quantity C.
Suppose a firm has the following demand and cost functions
Q(P)=14193-83P
and
C(Q)=127Q+20172
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
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