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Firm demand and cost functions

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Question

Analysts have provided the following estimates of your firm's demand and cost functions: P(Q) = 300 - 10Q TC(Q) = 1600 + 5Q2

1. What price should your firm charge and what output level should it produce in order to maximize profits?

2. What is your firm's maximum profits?

3. Should your firm shut down? Explain

Reference no: EM133636494

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