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Determine short-run profit maximizing output and price

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Reference no: EM132503337

Assume that you are a manager of a fast food restaurant in Georgia, USA, and your cost and demand functions, respectively, are C(Q) = 5 + Q + 2.5Q2 and Q = 65 - 5P, where Q is output and P is unit price ($). Clearly show your steps and determine your short-run profit maximizing output and price.

Reference no: EM132503337

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