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You Are The Manager Of A Monopoly, And Your Demand And Cost Functions Are Given

08/05/2020 Client: azharr Deadline: 24 Hours

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.


a. What price–quantity combination maximizes your firm’s profits?


 b. Calculate the maximum profits.


 c. What price–quantity combination maximizes revenue?


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