Determining level of output and profit

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Reference no: EM1369997

Suppose a firm in the short run under perfect competition with P=250, TC=1,000 + 100Q + 2.5Q^2 , and MC=10+5Q

Find out the level of output that the firm needs to produce to maximize profits?

Find out the level of profits at the profit maximizing level of output.

Reference no: EM1369997

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