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The given information is available for the firm’s product with some monopoly power.

TC = 150 + 0.25Q

P = 2 – 0.001Q

TR = 2Q – 0.001Q2

Q1. Find out the optimal weekly output and price of the firm.

Q2. Find out the weekly profit from the production and sale of the product.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M99992

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