Calculate the profit-maximizing p-q and total profit

Reference no: EM13201533

Suppose the demand for a firm's product is estimated to be P = 200 - 2Q from which it can be shown that TR = PQ = 200Q - 2Q2 . The cost of producing and selling the product is known to be TC = 625 + 50Q + 3Q2 .

Calculate the Profit-maximizing P, Q and total profit.

Reference no: EM13201533

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