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Economics

Use your quadratic cost function and the following demand curve.

Q = 30,000 - 33.3 P

Graph price (P) and marginal revenue (MR) as a function of output on the graph in Part 8 above. Show the price and output that maximizes profit in this graph. Then use math to calculate the price and output that will maximize the firm's profit. Calculate your profits at this price and output level.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9167488

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