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Suppose a firm faces the following demand for its output q: q = 100 – 10p, where p represents the price it receives per unit sold. The level of output at which this firm maximizes its total revenues is [q]. (NOTE: write your answer in number format, with 2 decimal places of precision level; do not write your answer as a fraction). SHOW ALL STEPS.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720665

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