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Business, 10.03.2020 19:36 TravKeepIt100

Suppose a firm faces the inverse demand curve P = 1000Q ^(-0.5). The firm has the total cost curve Q^2. Assuming that the firm operates in the market, find the firm's profit-maximizing output, price, and profit. a) Q = 40.4, p = 15,729, profit = -12,199b) Q = 25.4, p = 8,560, profit = 120,120c) Q = 132, p = 94, profit = 420d) Q = 3.4, p = 459, profit = -640

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Suppose a firm faces the inverse demand curve P = 1000Q ^(-0.5). The firm has the total cost curve Q...

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