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Find the maximum profit of a firm

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Reference no: EM131793642

Profit

Suppose that for a product in a competitive market, the demand function is p = 1200 - 2x and the supply function is p = 200 + 2x, where x is the number of units and p is in dollars. A firm's average cost function for this product is

C‾(x) = (12,000/x) + 50 + x

Find the maximum profit.

Reference no: EM131793642

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