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Find the revenue maximizing level of output

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Reference no: EM132620399

A company suffers a loss of sh 1000.00 if its products do not sell at all. The Marginal Revenue and Marginal Cost functions are given by:

MR=500-4x and MC= x-100

Problem 1: Work out:

i. The total profit function

ii. The profit maximizing level of output

iii. The Revenue maximizing level of output

iv. Explain the differences in the answers to part (ii) and (iii) above.

Reference no: EM132620399

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