His profit-maximizing output level and maximum profit

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Reference no: EM13887751

A monopolists average revenue function is AR(Q) = 20−30Q and his total cost function is C(Q) = 20Q2. Find:

(1) His total revenue function

(2) His profit-maximizing output level and maximum profit.

(3) The price per unit at which this profit-maximizing output is sold.

Reference no: EM13887751

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