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Determine firm profit-maximizing output

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Reference no: EM132888056

A manufacturer produces and sells a product with an inverse demand curve given by:P = 800-2Q

Product has a cost function given by:

C = 20,000 + 200Q + 0.5Q2

a) Determine firm's profit-maximizing output (Q), price (P) and profit (π).

Show all calculations.

Reference no: EM132888056

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