What level of output must you select to maximize profits

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You are the manager of a monopolistically competitive firm. The present demand curve you face is P=100-4Q. Your cost function is C(Q) = 50+8.5Q^2.

What level of output should you choose to maximize profits?

MR= MC Q=?

How do you solve this problem? If you can solve it, can you show the calculations?

Reference no: EM13393654

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