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Determine the profit-maximizing quantity

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Reference no: EM133274038

The demand a monopoly faces is

p=100-Q+A^0.5?,

where Q is the? quantity, p is the? price, and A is the level of advertising. Marginal cost is a constant? $10 per? unit, the cost per unit of advertising is? $1, and there are no fixed costs.Part 2Solve for the? firm's profit-maximizing? price, quantity, and level of advertising.? Hint: the profit function must be maximized with respect to two choice variables? (Q and? A).

Please provide step-by-step calculations for the following:

a). The? profit-maximizing quantity (?(round your answer to two decimal? places)

b). The? profit-maximizing for level of advertising ((round your answer to two decimal? places)

c). The? profit-maximizing price ?(round your answer to two decimal? places)

Reference no: EM133274038

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