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You are the manager of a firm with demand and cost functions given by P = 1200 5Q and C(Q) = 1, 500 + 10Q2,
You are the manager of a firm with demand and cost functions given by P = 1200 5Q and C(Q) = 1, 500 + 10Q2, respectively. To maximize your firm's profit, how many units of good should you produce, that is, ? (Numerical numbers only; for example, your answer may be 20)
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
3rd edition
2901133951482, 1133951481, 978-1133951483
