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Find the profit maximizing level of output for the firm

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Suppose a firm sells in a highly competitive market where the going price is $15 per unit. Its cost equation is C = $25 + .25Q2.

A. Find the profit maximizing level of output for the firm. Determine its level of profit. Profit, = TR-TC = (PQ)  C = 15Q  25  0.25Q2.

B. Suppose that fixed costs rise to $75. Verify this change does not affect the firm's level of output. 

Reference no: EM13976839

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