What level of output must select to maximize profits, Microeconomics

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What level of output must select to maximize profits

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?

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Microeconomics: What level of output must select to maximize profits

Reference No:- TGS0516592

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: What level of output must select to maximize profits

Reference No:- TGS0516592

Recent Questions Asked Microeconomics

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Q : What level of output must select to maximize profits

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