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Determine the profit at the optimal level of output

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Reference no: EM133068618

A monopolist has a total cost function: TC = 194.64Q32

The demand is given by: Qd - 9,732Q + 389,280Q = 261,404,634 - 973.2P

a. What level of output will maximize profit?

b. Determine the profit at the optimal level of output.

Reference no: EM133068618

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