What price-quantity combination maximizes your firms profit

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You are the manager of a monopoly and your demand and cost functions are given by P = 300 – 3Q and C(Q) = 1,500 + 2Q2, respectively. Furthermore, MR = 300 – 6Q and MC = 4Q.

What price-quantity combination maximizes your firm’s profits?

Calculate the maximum profits.

Reference no: EM13739954

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