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You are given the following information about the market for Amazon Kindle Fire. The formula for Demand is as follows: Qd: 1,000,000-5,000*P. It's Cost Function

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You are given the following information about the market for Amazon Kindle Fire. The formula for Demand is as follows: Qd: 1,000,000-5,000*P. It's Cost Function is 4,000,000 + 50Q Questions: (1) What is the price (P) where REVENUE is maximized? (2) What is the price (P) that maximizes PROFITS? (3) What is the QUANTITY (Q) that maximizes profits at that price? (4) What are TOTAL PROFITS at that price

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