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4. A firm faces the following average revenue (demand) curve: P = 100 - 0.01Q where Q is weekly p


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4. A firm faces the following average revenue (demand) curve: P = 100 - 0.01Q where Q is weekly production and P is price, measured in cents per unit. The firm?s cost function is given by C = 50Q + 30,000. Assuming the firm maximizes profits,

(A)What is the level of production, price, and total profit per week?


 


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4. A firm faces the following average revenue (demand) curve: P = 100 - 0.01Q where Q is weekly p.zip

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This paper was answered on 21-Sep-2019

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