What is the profit maximizing price and output level

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q = 6009 -25p where q is the number of plte covers per year and p is in dollars. Cost estimation processes have determined that the firm's cost function is represented by tc = 120 + 2500q -0.23 * q2. What is the profit maximizing price and output level. Solve this for equilibrium p and q. Also plot the mc,, d and mr curves. What profit do you expect the firm will make in the first year. Will the profit level continue in subsequent years?

Reference no: EM13148576

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