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Determine the profit maximization price and output

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Reference no: EM131970169

If the demand function is P(Q) = 50 -1.25Q and the Cost function C (Q) = 160 + 10 Q, where Q is the number of units in thousands and cost is in dollars.

Determine the profit maximization price and output.

Quantity= 16 ; Price=30

Quantity= 50; Price= 100

Quantity= 30 ; Price=9

Quantity= 62 ; Price=12

Reference no: EM131970169

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