What is the profit of private seller in ideal position

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Reference no: EM133440637

Assignment:

The demand for private sellers' services is as follows: P = -1.6Q + 103

The fixed cost of the private seller is 100 and the variable cost is VC = 11Q + 0.010Q2

What is the profit of the private seller in the ideal position (which can be the biggest profit)?

Remember to calculate with many decimal places, but the final answer does not have to be with decimal places.

Reference no: EM133440637

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