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1) Toys Corporation has estimated its demand and cost function as follow:
Q = 25 - 0.05P
TC = 780 + 200Q
a) What will be the price and quantity if Toys would like:
1) Maximize profits
2) Maximize income
3) Maximize income, but requires aminimum profit of $300?
question 1consider a market with the following supply qs and demand qd curvesqd 200-2pqs25at the market equilibrium
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